08-22-2024, 05:35 PM
Oh yeah, they've been at this for decades now. Remember, they have not only been downgrading the stats ex-post-facto they also changed the way the unemployment stats are calculated in 2009. The stats now exclude those who have been out of the job market for longer than 2 years as "no longer looking" whether they're actually still seeking work or not. This was done to reduce the appearance of the effects of the '08 real estate bubble burst as many could not find gainful employment for YEARS after the fact. Same strategy they're using now to make the crime stats look better - they just refuse to report or legalize or refuse to prosecute certain crimes so they are no longer included in the stats and it looks like rates went down.
The other piece, which I think is also run by the BLS/DOL is the Consumer Price Index. They revised that in 2000 to exclude major economic factors like grocery prices. Not only does it artificially deflate the numbers, but it also makes those numbers incomparable to those published previously, and possibly without the consumer of those data products knowing that the numbers are different.
The other piece, which I think is also run by the BLS/DOL is the Consumer Price Index. They revised that in 2000 to exclude major economic factors like grocery prices. Not only does it artificially deflate the numbers, but it also makes those numbers incomparable to those published previously, and possibly without the consumer of those data products knowing that the numbers are different.
