US Changes how it measures unemployment

[futurebeachbum]

From the USAToday article "U.S. changes how it measures long-term unemployment":

So many Americans have been jobless for so long that the government is changing how it records long-term unemployment.

Citing what it calls "an unprecedented rise" in long-term unemployment, the federal Bureau of Labor Statistics (BLS), beginning Saturday, will raise from two years to five years the upper limit on how long someone can be listed as having been jobless.

The move could help economists better measure the severity of the nation's prolonged economic downturn.

This amazes me. It actually makes sense. This and the end of DADT in the same month.

These are really the first intelligent changes I've seen from the Federal Government for the current millennium. I almost don't know how to react.

 

[scooterbug44]

Hope and change baby!