[marron]

The true unemployment numbers are probably double what the official numbers are, or worse.

The classification “no longer working” is a statistician’s ruse to hide the true number. If you are unemployed long enough that your benefits run out, you aren’t counted anymore.

And if you graduate from school but can’t find a job, you aren’t counted.

Most companies are running scared. If they want to launch a new project, they can’t get permission. Or they are tied up with regulations for years on end as they wind, slowly, through the maze of approvals and studies and hearings they have to go through before the permission is finally denied anyway.

Who can survive waiting years to start a project?

So they hang on and hope for better days, or slide slowly toward bankruptcy. Or skip it and build in China and get on with life.

[1rudeboy]

If you are unemployed long enough that your benefits run out, you aren’t counted anymore.

I mean, seriously . . . where does this myth come from?

[marron]

The classification “no longer working” is a statistician’s ruse to hide the true number.

Actually, I meant to say "no longer looking" is a statisticians's ruse.