LogFAQs > #933112223

Sad_Face posted...

It's not fake news, statistics downplay the unemployment rate like crazy.

The government uses multiple measurements of unemployment or labor underutilization. The most frequently cited, the official number, is U-3 which measures the unemployed as a percent of the labor force. That statistic was measured the exact same way in 1994 as it is today, and shows lower unemployment.

If for whatever reason you don't like that measurement there is U-6 which counts underemployment as unemployment. That rate is also lower today, there is literally no measurement of unemployment that shows a higher number than in 1994. He was dead wrong on free trade.

I would not waste any time arguing online or investing until you have a better understanding of economics.