A) The government has simply changed employment metrics:
Shadow Stats: Alternate Unemployment Charts
The seasonally-adjusted SGS Alternate Unemployment Rate reflects
current unemployment reporting methodology adjusted for SGS-estimated
long-term discouraged workers, who were defined out of official
existence in 1994. That estimate is added to the BLS estimate of U-6
unemployment, which includes short-term discouraged workers.
The U-3 unemployment rate is the monthly headline number. The U-6
unemployment rate is the Bureau of Labor Statistics’ (BLS) broadest
unemployment measure, including short-term discouraged and other
marginally-attached workers as well as those forced to work part-time
because they cannot find full-time employment.
Supersector | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Mining and logging
|
1 | 1 | 1 | 2 | 2 | |||||||
Construction
|
8 | 19 | 32 | 36 | 23 | |||||||
Manufacturing
|
4 | 4 | -1 | 6 | 4 | |||||||
Trade, transportation, and utilities
|
11 | 12 | 17 | 25 | 12 | |||||||
Information
|
5 | -3 | 1 | 5 | -1 | |||||||
Financial activities
|
7 | 3 | 6 | 8 | 3 | |||||||
Professional and business services
|
36 | 4 | 75 | 21 | 3 | |||||||
Education and health services
|
17 | -5 | 18 | 17 | -15 | |||||||
Leisure and hospitality
|
31 | 35 | 75 | 79 | 84 | |||||||
Other services
|
4 | 5 | 10 | 6 | 6 | |||||||
Total nonfarm
birth/death adjustment |
124 | 75 | 234 | 205 | 121 |
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