The true unemployment rate is some 36% and rising. Just because some people are not looking anymore or have settled down to live off the dole dousent mean they aren’t unemployed. Business is chasing profits by cutting costs and downsizing. This is not time to tie yourself into a mortgage and risk a down payment.
I believe you. I was trying to determine the true number myself and its pretty difficult, the way they count I couldn't arrive at a number.
Its not 6.7% though. Its not single digits. I always assume its north of 20%. Hardly a family in America doesn't have someone out of work.