What is the REAL Inflation and Unemployment Rate in USA?
regard to your recent post on inflation in the US – if you have not
already done so, you should visit the site “Shadow Government Statistics”. It is very enlightening on how the numbers are
manipulated.
website to have a better idea of what real inflation, unemployment and other statistics would look like.
secrets behind the seemingly rock solid data used by governments is that the
criteria used can vastly change results. The way they do it today is… lets just say (lie is such an ugly word) more “convenient” than the method used just a few years ago.
worked for the last year and isn’t actively looking for work is not considered
unemployed. Same goes for part time workers that are actively looking for full
time jobs, they aren’t considered unemployed either even if what they earn with
their part time job isn’t enough to make it till the end of the month.
of the Fed. Reserve from
1987 to 2006) to thank for some of the most controversial changes
in which data is crunched, such as the use of “hedonic regression” in computing
its CPI so as to hide true inflation.
with a huge grain of salt no matter how reputable the institution that came up
with may be. It is usually things like accumulated rumor and word on the street
that are truly a better indicator of what is really going on.
see how using pre 1990 and pre 1980 methodology, inflation almost is almost ten times the official rate and
unemployment is almost five times the official rate.
Source: http://ferfal.blogspot.com/2013/10/what-is-real-inflation-and-unemployment.html
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