I suppose they prefer hiding real figures because usually every normal country wants to come into view as a prosperous and developed country with no problems concerning salaries, unemployment and the standart of living. That is why all the figures are decreases and all the problems are hidden. Look, it is absolutely the same in our country
Government hides the real level of unemployment from the President in order not to lose their posts. And the President hides the real level of unemployment from the World Community in order not lose respect and position in the world arena.
Government hides the real level of unemployment from the President
Do you really believe that the real numbers are hidden from the President? I doubt... The fact is that the process of estimating the level of inflations, as well as other economic indexes, is rather complicated and tangled. The operations with approximate numbers, avarages and weighted averages are very intricate. While calculating, different approximations and roundings can be made. So, the result doesn't always reflect the real situation... And of course, we aren't told the real numbers in order not to make us protest.
This video is really very good: short but sticking to the point and rather informative. And even though I had known what unemployment is I watched it with great interest. One of the key points here is that it is easy to understand and also with perfect illustrations. As for unemployment, I don't believe the figures she's mentioned actually. As far as I know the unemployment rate in the USA is much higher than 10%.
The unemployment rate in the United States was last reported at 8.8 percent in March of 2011. (www.tradingeconomics.com) So these are the official figures, but you know, 'official' doesn't imply 'reliable'. For comparison: The unemployment rate in Russia was 7.4 percent in February of 2011. (Other sources of information report 7.6% of the unemployed.) I can't believe Russia is better than the USA in the sphere of job placement. According to statistics, Russia holds the 81st rank in the table of unemployment rates. Even Azerbaijan (3rd rank - 0.9%) and Cuba (13th rank - 2.0%) are outstripping Russia (2010). Should we learn something from these 'prosperous' countries?
