I don’t remember which is which. There are several calculations. One counts unemployed who are still receiving unemployment benefits. Another includes those who are chronically unemployed whose benefits have expired and have given up seeking work.
I think that one is closer to 9%. It’s more accurate but it would be political suicide to go from 4% to 9% overnight. The media would have a field day spinning that one.
Thanks.
U3 U6 U9+ (shadowstats uses the same calculations as used to determine unemployment during Great Depression) it is generally accepted that unemployment during Great Depression was 23%-24%. Using the same calculation, we have been running 24%-26% for the last 7 yrs. Unemplyment is just now starting to go down.
Obama owns the Greater Depression.