Hacker News new | ask | show | jobs
by oceanplexian 874 days ago
It’s because the economy is not strong and the numbers like CPI, unemployment, and inflation have been manipulated (By manipulating the basket of goods or changing the definition of unemployment) to paint a rosy picture that doesn’t match reality.
2 comments

>changing the definition of unemployment

source? There's various definitions of unemployment (U-1 through U-6), but to my knowledge they haven't changed those definitions, nor have they changed what the "headline" unemployment rate corresponds to (U-3). Finally the BLS openly publishes figures for all the different unemployment rates, so it doesn't seem like they're trying to hide anything either.

[1] https://www.bls.gov/lau/stalt.htm

Don’t bother. If Trump wins in November their opinion on the economy will turn on a dime in late Jan 2025.
Source(s)?