None of them will tell you this: If you, a family member or anyone is unemployed and has subsequently given up on finding a job -- if you are so hopelessly out of work that you've stopped looking over the past four weeks -- the Department of Labor doesn't count you as unemployed. That's right. While you are as unemployed as one can possibly be, and tragically may never find work again, you are not counted in the figure we see relentlessly in the news -- currently 5.6%. Right now, as many as 30 million Americans are either out of work or severely underemployed. Trust me, the vast majority of them aren't throwing parties to toast "falling" unemployment.
The Big Lie: 5.6% Unemployment, Gallup
There are way too many asterisks next to the government’s unemployment number. Educate yourself on things, no matter if you are liberal or conservative, and you’ll see that the unemployment/underemployment percentage is much higher.Permalink