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Segueway to Success - Understanding Unemployment Measures

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 "Segueway to Success"    

Join Brent Hamachek, Tom Kuchan and their guest Matt Jensen of the American Enterprise Institute.


The U.S. Department of Labor released the July unemployment numbers last Friday.  The rate ostensibly fell from 7.6% to 7.4%.   That’s good news, right?  Wrong.  There is nothing good about the unemployment numbers and yet as a measure it shows improvement.  There is something fundamentally wrong when our government uses a mathematical measure that is inherently flawed, and requires deep-dives into detail to unravel,  to indicate a key performance measure of our economy and report to its citizens.  What might be even more disconcerting is when the media accepts the number on its face and does not aggressively expose the underlying flaws to the public.

Join us this Wednesday as we welcome back Matt Jensen from the American Enterprise Institute (AEI) to the program. 

AEI is an internationally recognized think tank studying maters of political and economic import.  Matt will take listeners behind the calculation of the unemployment rate commonly cited in the media and tell listeners how to view that number and its monthly characterization by politicians, and in the press, with a more jaundiced eye.


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