Great minds think alike! I’ve said for years that the over cooked U3 and U6 numbers are just a playground for deception. It should be simple....say there are 95 million adults NOT working....that’s 40%.....and for example 27% are retired - so that’s 13% who are not working who SHOULD be working.
When you add in the illegals, can we see your super math skills then?
If the labor force participation rate is 62%, then there is a reasonable argument that can be made for a 38% unemployment rate. If one considers that the ‘labor force’ has arbitrary age limits placed on it by the government (something like 16-65), then it’s fair easy to add another 4% to that 38%.
And just because someone doesn’t want to work, and loves sucking off the public teat, that doesn’t make that person NOT unemployed. He is terribly, deceitfully unemployed.