Since 1980, the BLS has changed the method used to calculate the CPI-U inflation rate twice. Important consumer items like energy and food were omitted. The Alpha-CPI includes several items that 99% of Americans must purchase, many of which have increased as a percentage of overall expense since the BLS made the changes. Put simply, the official number does not accurately reflect what American's pay to survive. This chart will be updated with additional CPI components.
ECONO-STATS
Keeping The Government Numbers Honest
Thursday, May 23, 2013
NEW: Alpha Alternative Economic Analysis
Alpha REAL
Unemployment Rate (U-Alpha):
The Bureau of Labor Statistics releases unemployment numbers
each month. The number announced by the government and the mainline media is ths
the U-3, which excludes important groups from the index. The U-6 (the former
official unemployment figure in 1994) includes people who are are no longer
looking for work but indicate that they have searched for a job within the past
12 months including discouraged workers as well as full-time job seekers who
settled for part-time work. The U-Alpha adds one additional category of
unemployed worker (similar but not identical to the shadowstats.com
figure):
Subscribe to:
Posts (Atom)