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The real unemployment rate is around 11%, which is the U-6 number from the BLS.
People over 65 and under 16 are not in the workforce so cut them out, then cut out those who retired early.
The real unemployed/under employed are those who'd like full time work but can not find. The official unemployment number, the U-3, excludes under employed and discouraged workers which I think is the wrong measure because it is too easy to manipulate that discouraged worker number.
PS Why are people posting YouTube videos from crazy people? Aren't there some cool cat videos they could post instead?
There is no incentive for the government to tell the truth with any stat, but plenty for it to lie.
Lifted from page #1 of the Republican Junior Senator's guide-book, no doubt. (but doesn't make it so).
There is plenty of incentive. If Gov't was so power/money hungry as people claim, then they'd want to inflate the numbers to justify more spending.
Sadly, defining "unemployed" seems to be very subjective.
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