There are roughly 200 million people of “working Age” in the US,this is NOT COUNTING RETIREES and CHILDREN under 18, there are only about 97 million TAX FILERS, this includes spouses working or not. How do you come up with a 7% unemployment rate??
I have been asking people this simple math question for over a year now, and finally someone digs deep and prints the truth, I believe their number is a little low though, but I will accept it.
Good point. The only reason I prefer shadowstats 24% over the wall street advisor’s 37% is that 40% of the people I know aren’t unemployed. But there certainly are some that are unemployed and some are barely subsisting. And my circle of contacts is rather limited and I live in an area that is doing pretty well economically. I would think if it’s truly 37% we’d have demonstrations in the street.
24% are getting by because of help from family and friends, government help, dissaving, etc.