It is perfectly good statistic for POLITICIANS because 4.4% uneployment rate does sound much better that 22.1% reported by ShadowStats. Former is typical for ri

It is perfectly good statistic for POLITICIANS because 4.4% uneployment rate does sound much better that 22.1% reported by ShadowStats. Former is typical for rich (e.g. G-7) countries, latter would make US look like 3rd world country in that regard. You might be right that it does capture info about how hard it is to find a new job as the software developer, or a lawyer, but tells almost nothing about blue collar jobs.