Ex-DC Labor Statistics head: Jobs numbers don’t provide accurate reading on economy

Keith Hall tells the New York Post Thursday that the BLS, White House and media are wasting time focusing on an edited set of data and using it to paint an incorrect picture of the American jobs market on the mend. The current U.S. unemployment level is reported to be around 7.6 percent.

“Right now [it’s] misleadingly low,” Hall told the New York paper.

Hall, like many other economists, believes that the more accurate reading of Americans who want a job but can’t find one is north of 10 percent. 

Hall is now a senior research fellow at the Mercatus Center at George Mason University.

 http://www.foxnews.com/politics/2013/07/18/ex-dc-labor-statistics-head-jobs-numbers-dont-provide-accurate-reading-on/?test=latestnews#ixzz2ZQR4789f

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