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Is Obama misleading us?

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Nope. Unemployment is calculated EXACTLY as it was under the Bush administration. Any claims to the contrary should be posted with evidence to support the claim, that is if you want to establish credibility on the matter.

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THE DEFINITION OF 'UNEMPLOYED' HAS CHANGED"...

Rightwingers! Show me one link to one reliable source detailing when and how this happened! You can't. What Neal Boortz etc. are referring to (when they say today's rate would be higher under the old formula) is something that occurred in 1994 under Clinton and was started by the Bush Sr. administration.

Here is a link to an article in Harper's by Kevin Phillips proving my point...

http://chipshirley.blogspot.com/2012/05/obama...loyed.html

Quote and Link: "But in 1994, the Bureau of Labor Statistics redefined the workforce to include only that small percentage of the discouraged who had been seeking work for less than a year. The longer-term discouraged—some 4 million U.S. adults—fell out of the main monthly tally. Some now call them the “hidden unemployed.”

http://harpers.org/archive/2008/05/0082023

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