Quote:
Originally Posted by NickyC
Because they stop counting people as unemployed when they give up looking for work. It’s all a scam like most things these days. True unemployment without the number fudging is low 20% at least.
This is a great site: http://www.shadowstats.com/alternate...loyment-charts |
So use your graph and U6-
The U-6 unemployment rate is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment.
And the current number is the same as 2014 and lower than 2010-2014
I don't see how the long term discouraged workers relate much to the current discussion as virtually all of them by definition (long term) haven't been looking for work in a long time. If you want, add in long term term discouraged workers the current rate is about 20% higher than the average from 2010-2019.
Not seeing the "it's all a scam".