Stockman cites the number of 210 million adult Americans, who if they worked 2,000 hours per year, or about 40 hours per week, would deliver 420 million labor hours per year. When compared to the 240 million labor hours per year reported by the Bureau of Labor Statistics, the total workforce of the country is delivering 57.1 percent of those 420 million labor hours, and otherwise stated, 42.9 percent of those hours are not being delivered. Therefore, the calculation of unemployment by this measure is 42.9 percent.
Read more at http://www.inquisitr.com/2218523/david-stockman-says-unemployment-is-really-42-9-percent/#pO57ruweVF5eoB2U.99
So by that measure 10 year old middle school students are unemployed? Eighty-year-old retirees are unemployed? Stay-at-home moms are unemployed? People medically incapable of working are unemployed? Because the only way you can come up with at 210 million adult figure is to reduce the definition of adult to well below 16. And the only way you can calculate that unemployment rate is to include the people I mentioned.
That’s where the high end of Trumps 20-40% range came from. He didn’t pull it out of his ass, or say he agreed with it.