[philetus]

But me being the cynical person I am thinks the unemployment stats are also a little ‘Rosy’.”

I read something to the affect that they count the bodies on unemployment and the ones who have exhausted their unemployment benefits and still don’t have a job are not counted.

Anyone know for sure?

[TCats]

I think they do some massaging for ‘Seasonality’ adjustments (I think they do this for the employment measure). I think they also ignore those who are not actively looking for work which might include those whose unemployment benefits have run out.

Of course they cannot measure the cash economy nor do they register Illegals.

All in all, a very rough measure at best IMO.