The problem with unemployment rates is that every term the administration changes the method they use to determine the unemployment rate so that it reflects more positively on their administration. In addition, many times the unemployment rate is a reflection of policies from the previous administration yet the current administration is held accountable for it (good or bad).

I don't remember offhand what the rate was in 1991 but I've heard it stated on the news many times and I still can't recall it offhand. Must be getting old... :o)


>Hi,
>
>Anybody remembers unemployment rate in 1991?
>
>Igor
>
>>Tracy;
>>
>>I cannot cite any reference to an Internet link. However, not all knowledge is available through the Internet. The 6% figure is one that I first read in High School (1960), and again in college during the early to mid 1970’s. Our son just graduated from college in December of last year and the 6% figure was still being used in his textbook. Also, this number is one that the Federal Reserve embraces or at least that was the case until June of 2002, when I last heard Dr. Greenspan cite it.
>>
>>During the Nixon and Bush Senior Presidencies, this number was often used as a part of the “economic model”. When Clinton was President it was stated that less than 6% unemployment was cause for inflation. The economic was not working as it should have under Clinton.
>>
>>In the past when I have wanted a specific reference I would call the public or college library. Knowledge gained from the Internet is something that is questionable in my opinion.
>>
>>Tom
>>
>>
>>
>>
>>>SNIP
>>>>This is the way it should be folks! The Republican economic team is at work and doing what it does best! No need to consider any changes in what the economy is doing. No need to invest any effort into improving the economy. When you have attained the “perfect model” based upon the magic 6 percent figure what else could you ask for?
>>>>
>>>>If you need a job, too bad! If you are working good for you! To be a success under Republican economic models, every dog must take care of him/herself. Start barking to express your acceptance of this wonderful period. Just remember this is nothing new that we are experiencing. The economy is as it should be. Bow wow!
>>>>
>>>>Tom
>>>
>>>Hi Tom,
>>>
>>>What Republicans have voiced this opinion? Do you have links I can look at? I'd be interested to read these opinions if possible. Whenever political statements are claimed I like to check them out regardless of who made them...a lot of ridiculous statements are claimed to have been made by Hilary Clinton recently too, but I haven't seen any evidence myself...