Real Unemployment is about 23%, not the Bullshit made-up number bi-partisan Big Government gives us
With the 1994 elections coming the unemployment rate was too high for the politicians in Congress.
So both parties joined together in a lie and changed the way the unemployed were counted. Overnight the unemployment rate dropped from about 15% to 7%.
A miracle. Unemployment is down!!!!!
And nothing has changed. Both parties still support the corrupt number counting system that gives the political hacks the lower numbers they want.
The Real Unemployment Rate Over 20%
Alternate Unemployment Charts
The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers.
The U-3 unemployment rate is the monthly headline number. The U-6 unemployment rate is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment. (Shadow Government Statistics)