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Location: Nashville, Tennessee, United States

9/25/2003

Unemployment Perhaps Less Than Reported
Are we losing jobs or gaining jobs? The Left likes to point to the rising unemployment number and tally up the millions of "lost" jobs during the Bush presidency, but the economy is otherwise showing signs of fairly strong growth virtually across the board Could it be that the unemployment stat is wrong?

From the Small Business Survival Committee comes an interesting exploration of whether the official unemployment rate is accurate or not

On Friday, September 5, the Senate Joint Economic Committee (JEC) hosted a hearing on seemingly contradictory employment numbers. The purpose of the hearing was to understand the discrepancy between Bureau of Labor Statistics (BLS) payroll and household surveys. As widely reported in the media, the payroll survey shows the economy losing about 1.1 million jobs since the end of the recession. Yet, the household survey shows a gain of over 1.4 million jobs. I bet you haven’t heard about those job numbers.
Or seen this chart:

Wow.