Actually, the published GOVT number is probably inaccurate.Here is a combo of liberal and conservative blowhearts on the topic. One thing is true the GOVT only keeps statistics on people who are looking for work for a certain period of time and it is less than 2 years. Once that mark is hit, then you are off the books, whether you are employed or not. It also does not include part-time or sporadic part-time workers, which can really slew the data. The rate should really be used as an indicator as to whether it is going up or down in a very gross sense.RobJ said:I thought I heard or read somewhere/sometime that the number produced by the gov is an actual number. But they say that a certain number (can't recall) like 3.0 or 2.5% is unemployable or will not work. so subtract and you have the actual enemployment...2-3%.
Well I googled it...sound like a best guess of a select few..
How the Government Measures Unemployment
The real unemployment story | Howzit Howard
Will the Real Unemployment Rate Please Stand Up?
Daily Kos: State of the Nation
t r u t h o u t - The Real Unemployment Numbers: Out Of Work, Out Of Sight
What is the real unemployment rate? - Yahoo! Answers
probably closer to 11 - 12% but that rate can be fluid.
So it is a lot!