We keep getting unemployment reports that have little to do with true unemployment. It’s yet another case of getting away with chicanery for which the executives of a private enterprise would be arrested. Right now the unemployment rate is supposedly a bit under 5%. The media tells us so, and they are out to report on all the dirt they can find, or so they say.
But if you look deeper in the monthly U-6 unemployment rate, which includes folks who are underemployed and seeking full-time jobs that they can't find, that rate is much, much higher. The U-6 number doesn't include those who have given up seeking work.
I would suggest viewers look up the Bureau of Labor Statistics site at bls.gov for details on the different facets of unemployment the media forgets about. (See the Earl J Weinreb NewsHole® comments and @BusinessNewshole tweets.)
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