1/8/10

If 65 – 58 = 7, is unemployment higher than the Bureau of Labor Statistics says it is?

employmentrecessionsdec1


Via Calculated Risk


If 5.5% unemployment in 2004


would have been reported as ~12.5% in 1980,


why did some want to change reported unemployment,


and why would some not want to disclose comparative disparities?


 


If…the Ministry of Plenty forecast a surplus,


and in reality the result was grossly less,


Winston’s job was to change previous versions


so the old version would agree with the new one.


 


George Orwell


 


Could some who follow statistical irregularities


take advantage of relative unawareness


prior to collective realization?

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