What nonsense that is. The official jobless rate, at 9.7%, is a fiction and should be treated as such. It doesn't even count lots of unemployed people. The so-called "underemployment" or U-6 rate is an improvement: For example it counts discouraged job seekers, and those forced to work part-time because they can't get a full-time job. That rate right now is 16.6%, just below its recent high and twice the level it was a few years ago...Continue reading "The three biggest lies about the economy"
Myth 1: Unemployment is below 10%