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Wednesday, March 15, 2017

Bureau of Labor Stats Still Misleading

Relying on Bureau of Labor Statistics is helpful ONLY if those stats accurately reflect the actual employment situation. 
This unemployment charade has gone on long enough, and Trump can easily rectify the situation by simultaneously publicizing both the misleading U-3 unemployment figure (which, for self-serving political reasons, all administrations have heretofore touted) AND the more accurate U-6 figure. 
March'17 seasonably adjusted unemployment figures: 4.7% (U-3) and 9.2% (U-6).
Since transparency, accuracy and integrity in federal reporting should be the goal of any administration, I say let Trump start publicizing BOTH the U-3 and U-6 figures. Doing anything less is unhelpful and purposely evasive.

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