Are we headed for about 10% or 15% unemployment rate.... The REAL rate HAS BEEN 14.7 for months, according to BLS. The 8% is cooking the books. The ACTUAL unemployment rate is 35% heading to %0%, but they’ll just cook the books. To get a better perspective, check out the average number of hours worked per work in the US and divide that by the number of workers. A full time job is now considered 20 hours a week. The number of workers has gone up but the total number of hours worked per week has dropped.
So, they are hiding the collapse to ensure it can’t be reversed: SURPRISE!!!!