Gallup: Employment Figures (Household Survey) Garbage

Gallup: “The lack of face-validity of the government’s unemployment numbers creates major problems, particularly during a presidential election year. The situation is worsened by the huge number of complex adjustments made to the data. Rather than debate whether something is wrong with the government’s estimation process, it seems reasonable to look at other measures as an alternative.”

Why not just use U6? It’s a much more honest measure (and does NOT allow the suspect but very predictable optimistic pre-election massaging downward.) Using the Household Survey as a meaningful measure is absurdly Orwellian.

Table courtesy PORTAL SEVEN
 
 
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