We get unemployment reports that have little to do with true unemployment. It’s another case of the reporting chicanery that the executives of a private enterprise would be arrested for.
Right now the unemployment rate is supposedly a bit less than 5%. The media tells us so, and they are out to report on all they can find, or so they say.
But if you look even deeper in the official report’s U-6 unemployment rate, which includes folks who are underemployed and seeking full-time jobs that they can't find, or have given up looking, that rate is much higher.
I 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 at Twitter.)
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