06-09-2008, 02:40 PM
[quote MacMagus]> The unemployment rate is LOWER than it was from 1980-1996.
STF for my post on "Pollyanna Creep."
The way that the unemployment rate is calculated has changed.
If figured in the manner that it was in the 1980's, unemployment would be around 12% now. It's MUCH higher than it was in the 1980's and 1990's.
From the linked article in YOUR post:
No matter how it's measured, the unemployment rate today is LOWER than it was through about 1997. I thought the 1990s are looked upon now as being a great time for the economy.
It's just like I said. People are whiny. A higher unemployment rate (than what we now have) 12 years ago seemed GREAT to people, a lower unemployment rate today (than what it was 12 years ago) is viewed as THE END OF THE WORLD...
STF for my post on "Pollyanna Creep."
The way that the unemployment rate is calculated has changed.
If figured in the manner that it was in the 1980's, unemployment would be around 12% now. It's MUCH higher than it was in the 1980's and 1990's.
From the linked article in YOUR post:
No matter how it's measured, the unemployment rate today is LOWER than it was through about 1997. I thought the 1990s are looked upon now as being a great time for the economy.
It's just like I said. People are whiny. A higher unemployment rate (than what we now have) 12 years ago seemed GREAT to people, a lower unemployment rate today (than what it was 12 years ago) is viewed as THE END OF THE WORLD...