Re: “Are Americans happier under Trump? Just look at the job figures”, Have Your Say, yesterday.
While it may be true that polls are regularly inaccurate, the same can be said about official jobless figures. Mr Haupt might like to know that Forbes had this to say about jobless figures quite a few years back:
“While there is no direct proof of manipulation, there are a lot of sound reasons, based on flawed methodologies, and based on nearly every other underlying employment data series, not to trust the headline-making unemployment data. The definition of employment is biased. If one worked part-time in the last 30 days, even babysitting for a few hours one time, one is counted as employed. There is no weighting for part-time work in the U-3 index.”
This U-3 method of calculating unemployed numbers gives very low numbers, and many think the U-6 is far more realistic. U-6 adds on those workers who are part-time purely for economic reasons. The current U-6 unemployment rate as of July is 7.50.