[Is2C]

Any econonmists out there care to rip this apart? Or is this guy somehow correct and the economy is booming and consumers (i.e. jobless) are just not intelligent enough to see it?

[Yosemitest]

What an OUTRAGEOUS LIE !

Current U-6 Unemployment Rate is 12.0% BLS and 15.1% Gallup
September 5, 2014 BY TIM MCMAHON

[facedown]

I remember when Forbes was a respectable business journal.

[Pietro]

Unemployment, just like inflation, is calculated differently today than it was in the 80's.

The politicians decided that the public didn't need to know the real numbers so they adjusted the formula.

Real unemployment has been over 10% for obama's tenure and remains over 10%. Look at the labor participation rate if you want to get a handle on how obamam is doing.

[Oratam]

I haven’t read or heard any references to “discouraged job-seekers” in years. Sadly, millions believe these government figures.

[Wyatt's Torch]

Using UE rate is a ridiculously stupid way to compare.

Facts:

Between Jan 1981 and August 1986 changes in NFP were +8,644,000

Between Jan 2009 and August 2014 changes in NFP were +4,344,000

Job creation under Reagan was almost double that of Obama.