The Truth Behind the Strong Job Market Hype – Ep 832
The Peter Schiff Show Podcast
00:00
What Is the Official Unemployment Rate?
There is a big difference between the official unemployment rate and that u six number. The government started this hole, you three, you six nonsense in the early 19 nineties. They came up with a new to measure unemployment so that they can also pretend that unemployment was lower than it really was. To get low inflation and low unemployment, the government cheated the ent changed the rules of the game. Connel like tae trying to change the rules now on recession by saying, whell, two negative quarters isn't a recession.
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