Data Portal @ linkeddatafragments.org

Matches in DBpedia 2014 for { ?s ?p Shadowstats.com is a website that emphasizes government published economic and unemployment statistics that have been updated or replaced or are no longer emphasized by traditional media outlets. The author of the site points out that using older methods for calculating unemployment, for example, the U.S. unemployment rate would have been 16.5% in January 2009, more than double the headline rate of 6.7%. The BLS publishes the 16.5% rate in the U-6 unemployment rate series, but the U-3 rate is more often cited. The site is authored by John Williams, an economic consultant with an economics BA and an MBA from Dartmouth College, New Hampshire.Regarding inflation statistics, Williams says that some of the biggest changes to the Consumer Price Index were made between 1997-1999 in an effort to reduce Social Security outlays, using controversial changes by Alan Greenspan that include "hedonic regression", or the increased quality of goods. Some other investors have echoed Williams' views, most prominently Bill Gross, who reportedly called the US CPI an "haute con job". John S. Greenlees and Robert B. McClelland, staff economists at the US Bureau of Labor Statistics, wrote a paper to address CPI misconceptions, such as those of Williams.Regarding unemployment statistics, Williams points out that under President Lyndon B. Johnson, the U-3 unemployment rate series was created, which excludes people who stopped looking for work for more than a year ago as well as part-time workers who are seeking full-time employment. Although the old unemployment rate series', which include part time workers looking for full time work and unemployed who stopped looking over a year ago, is still published monthly by BLS, the U-3 series is generally considered more meaningful and is the headline rate picked up by most media outlets.Regarding growth statistics, Williams reports that the official numbers for U.S. Gross Domestic Product (GDP) and jobs growth range from "deceptive" to "rigged" and "manipulated".Numerous economists currently and formerly associated with the Bureau of Labor Statistics reject William's claims of politically manipulated data. University of Maryland Professor Katharine Abraham, who previously headed the agency responsible for publishing official unemployment and inflation data, says of Williams' claims, "The culture of the Bureau of Labor Statistics is so strong that it's not going to happen." Steve Landefeld, director of the Bureau of Economic Analysis, the Commerce Department agency that prepares quarterly GDP reports, said in response to an article about Williams, "the bureau rigorously follows guidelines designed to ensure its work remains totally transparent and absolutely unbiased." In the same article, UC San Diego economist Valerie Ramey, a member of the Federal Economic Statistics Advisory Committee, defended the methodological changes claiming they were only made "after academic economists did decades of research and said they should be done.". }

• Shadowstats.com abstract "Shadowstats.com is a website that emphasizes government published economic and unemployment statistics that have been updated or replaced or are no longer emphasized by traditional media outlets. The author of the site points out that using older methods for calculating unemployment, for example, the U.S. unemployment rate would have been 16.5% in January 2009, more than double the headline rate of 6.7%. The BLS publishes the 16.5% rate in the U-6 unemployment rate series, but the U-3 rate is more often cited. The site is authored by John Williams, an economic consultant with an economics BA and an MBA from Dartmouth College, New Hampshire.Regarding inflation statistics, Williams says that some of the biggest changes to the Consumer Price Index were made between 1997-1999 in an effort to reduce Social Security outlays, using controversial changes by Alan Greenspan that include "hedonic regression", or the increased quality of goods. Some other investors have echoed Williams' views, most prominently Bill Gross, who reportedly called the US CPI an "haute con job". John S. Greenlees and Robert B. McClelland, staff economists at the US Bureau of Labor Statistics, wrote a paper to address CPI misconceptions, such as those of Williams.Regarding unemployment statistics, Williams points out that under President Lyndon B. Johnson, the U-3 unemployment rate series was created, which excludes people who stopped looking for work for more than a year ago as well as part-time workers who are seeking full-time employment. Although the old unemployment rate series', which include part time workers looking for full time work and unemployed who stopped looking over a year ago, is still published monthly by BLS, the U-3 series is generally considered more meaningful and is the headline rate picked up by most media outlets.Regarding growth statistics, Williams reports that the official numbers for U.S. Gross Domestic Product (GDP) and jobs growth range from "deceptive" to "rigged" and "manipulated".Numerous economists currently and formerly associated with the Bureau of Labor Statistics reject William's claims of politically manipulated data. University of Maryland Professor Katharine Abraham, who previously headed the agency responsible for publishing official unemployment and inflation data, says of Williams' claims, "The culture of the Bureau of Labor Statistics is so strong that it's not going to happen." Steve Landefeld, director of the Bureau of Economic Analysis, the Commerce Department agency that prepares quarterly GDP reports, said in response to an article about Williams, "the bureau rigorously follows guidelines designed to ensure its work remains totally transparent and absolutely unbiased." In the same article, UC San Diego economist Valerie Ramey, a member of the Federal Economic Statistics Advisory Committee, defended the methodological changes claiming they were only made "after academic economists did decades of research and said they should be done."".