US Unemployment Rates – Clarifying Nonsense

Understated Government Unemployment Statistics

Have you ever wondered?  Doesn’t it seem that the US unemployment rates, as reported by the government, seem to be overly optimistic.  Well, they are.  In an effort to paint a more cheerful picture of the US economy and the whole unemployment picture, they have chosen to conveniently forget a major segment of the workforce that would love to work, if they only had a job.  The whitewashed government statistics ignore millions of long-term discouraged workers.  It turns out that that little omission makes a difference.  The government reports a current unemployment rate of from 8 to 9 percent, while the REAL unemployment rate including long-term discouraged workers is closer to 23%.  I don’t need to tell you that this is a pretty significant “oversight”.  This chart prepared by illustrates just how different the story is when you include all the people suffering in this unemployment cycle.


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