This is becoming the most pathetic response to any discussion on this forum! As soon as numbers are given to support an argument someone inevitably comes along saying that the numbers cannot be trusted. It seems that thumb-sucked assumptions and personal opinions are far more readily accepted than actual numbers!![]()
You do know that the way unemployement is measured has changed in the past and will likely to continue to change in future, and that certain unemployed are deliberately not classified as unemployed due to certain minor details?
Or do you blindly follow whatever number people pull out of their a** to support there argument? If the number is thumbsucked how is that more relevant than a thumbsucked theory? You need to first understand where the number comes from in order for the number to have any use...
Look at how inflation is measured in the US, many years ago they way they measured inflation included housing prices, then they took it out.
Imagine how early people would've picked up the housing bubble through inflation if that simple measure was still included in the calc?