[AfterManyASummer]

“7 percent unemployment means that 93 percent of all Americans are working, ok?”

No; it doesn’t. Those who have given up on searching for work and those who don’t work at all for other reasons are not counted among the unemployed. Stay-at-home moms, retirees, college graduates who decided that their degrees were worthless and stopped trying to find work, the disabled, among others.

Part-timers or those working several part-time jobs are not counted as unemployed.

[mkjessup]

Those who have given up on searching for work and those who don’t work at all for other reasons are not counted among the unemployed. Stay-at-home moms, retirees, college graduates who decided that their degrees were worthless and stopped trying to find work, the disabled, among others. Part-timers or those working several part-time jobs are not counted as unemployed.

Actually, you've just demonstrated how fraudulent the whole 'unemployed vs. employed' equation is, no more legitimate than the whole 'Consumer Confidence' mee-mee that gets tossed around like confetti.