[Carriage Hill]

They should be using U6 numbers, instead of the ‘simmered’ U3 numbers:

http://portalseven.com/employment/unemployment_rate_u6.jsp

vs

http://portalseven.com/employment/unemployment_rate.jsp

[thouworm]

A few threads to your point:

Vas Is Das? U3 Unemployment Falls to 7.8% But U6 Unemployment Remains at 14.7%

Santelli Smells A Rat: 'I Told You They'd Get It Under 8%—They Did!'

Today's 'Good' Jobs Report Was Actually Terrible [Jim Pethokoukis]