CBO: Real Unemployment Rate 15%

Maybe not everyone follows it as closely as you. Why do you care so much that he's posted the latest numbers?
Quote from Martinghoul:

This "shit" is only new if you've been living in a cave somewhere.
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Quote from Martinghoul:

New data? How very strange? The CBO report states that their data on unemployment and the unemployed comes from the Current Population Survey (CPS), which the BLS has been conducting every month since 1940. The U6 number has been above 15% every month since Jan 2009 and it's rather surprising that anyone can classify this as "new". The BLS has been releasing this eye-opening, super secret data monthly, since, oh I don't know, 2002. You can find it here: http://www.bls.gov/webapps/legacy/cpsatab15.htm

Someone as concerned with the state of the US economy and the labor mkt as you appear to be should have known all this stuff already.
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Hi, MG. Welcome to the P+R forum.

This data is not new, as you have so eloquently pointed out. The reason this has to be pointed out (as always) in this forum is that you've got folks like Ricter who drink the kool-aid and believe headline numbers. A few months back I had to explain the U6 to him and AK-47 (who is another one claiming the headline number is the truth).

So while I agree that pspr posts a lot of stuff that I go "wtf" to, I'm giving him the benefit of the doubt on this one and you have to understand the context.

But don't worry, no Fed (or other Central Bank) member was harmed in the posting of this material, so you can relax.
 
Quote from Ricter:

Nothing is wrong with the truth. Everyone knows we're in a hole. Some of us are trying to climb out of it. Others, like yourself, are still at the bottom wringing their hands.
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You're a fool if this is what you think the motivation in trying to see through the bullshit is because we choose to stay at the bottom. We post this information because the SOLUTION we believe in is to do things differently. And until we do, the only way the numbers will get better is if the spin makes them appear to.
 
Quote from Martinghoul:

This "shit" is only new if you've been living in a cave somewhere.
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You don't think the markets wait with bated breath for new government data every month? Your argument is nonsense.
 
No, PSPR gave the latest numbers and his OP "eloquently pointed out" the trend of the headline number since Feb 2009 (and a lot more for anyone who chose to read it).
Quote from Tsing Tao:

Hi, MG. Welcome to the P+R forum.

This data is not new, as you have so eloquently pointed out.
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Quote from Trader666:

No, PSPR gave the latest numbers and his OP "eloquently pointed out" the trend of the headline number since Feb 2009 (and a lot more for anyone who chose to read it).
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I never suggested otherwise. My response was to MG, not pspr. Save your venom for Max.
 
And MG is trolling this thread, not "eloquently pointing out" anything. Save your bullshit for someone else.
Quote from Tsing Tao:

...My response was to MG, not pspr. Save your venom for Max.
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Quote from Trader666:
Maybe not everyone follows it as closely as you. Why do you care so much that he's posted the latest numbers?
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It's simple... Would you like me to explain?
 
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