I’ve seen figures that put the real unemployment rate at 30-40%.
Five years of misleading and counting.
This is a bit like a NFL coach complaining about his offense being unable to score in the Red Zone, but pointing to all the yardage that they are racking up between the 20 yard lines.
It’s (the UE numbers) the system we have. It could be improved. We should stop ‘fudging’ the numbers. But there has to be a yardstick of sorts.
Repeal and Replace?
The key to fixing America’s economic problems is to end all statistical measurements of the economy. Those “facts” then create new “problems” needing government intervention which politicians are too happy to provide.
End the information and liberate the economy.
Clearly this administration does not want US citizens knowing just how effed the economy is so they propagandize the employment figures. Two other very critical portions on part of economic reporting, this administration does not include the cost of food and fuel in it’s cost of living reported figures. Maybe at some point they will tell us that water isn’t wet.
Ping for later
An even bigger problem is that the official unemployment rate is a big underestimate. Everyone acknowledges that it doesn't count those who have given up looking for jobs, but it also fails to account for the vast number of underemployed: skilled workers and even professionals who are stuck in dead-end, near minimum wage (and often part-time) jobs in retail or elsewhere in the unskilled service sector. A "recovery" where people with skills work at Wal-Mart isn't much of a recovery.
Our local news reported that unemployment is under seven percent, though one may drive around and see 20-30 percent of office, retail, and industrial space empty, for sale, or lease.
102 Million adults are NOT employed.
146 million Adults are employed.
Guess the real percent of adults unemployed.
DemocRat NO care will destroy another 2 million jobs soon - per the CBO.
Unemployment rates are down but FUNemployment is at an all time high.