[SeekAndFind]

How true is it that if we calculated the unemployment rate the way they did in the 1930’s, we’d have similar unemployment figures like they did back then?

[Why So Serious]

Hey, how about this being an “Electronic Depression” imagine if all the people who are not working had to stand in line for their unemployment checks and food stamps. By going electronic the government has rid itself of the visual. Out of sight, out of mind!

[OB1kNOb]

How true is it that if we calculated the unemployment rate the way they did in the 1930’s, we’d have similar unemployment figures like they did back then?

I don't know about how unemployment was calculated back in the 30's, but if you calculate it back the way it was in the early 90's you're getting pretty darn close to 30's unemployment rates. See the blue line below.

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.

Source: ShadowStats.com