We are getting unemployment reports that have little to do with true unemployment. It’s yet another case of government chicanery that the executives of a private enterprise would be arrested for.
Right now the unemployment rate supposedly hovers around 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, U-6 unemployment, which includes folks who are underemployed and seeking full-time jobs that they can't find, that unemployment rate is much beyond that reported, and is growing.
Furthermore, the number doesn't include those who have given up seeking work.The fewer seeking jobs, the rosier the stated
unemployment figure. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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