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>That's patently false...You can argue that U-6 is more meaningful in light of recent economic trends. But, no books have been cooked. Even U-6 removes people
by throwaway_USD 7y ago
>That's patently false...You can argue that U-6 is more meaningful in light of recent economic trends. But, no books have been cooked.
Even U-6 removes people after 12 months...so yes there are 10's of millions who have not been accounted for essentially since 2008. These people simply do not exist to the Bureau of Labor. The numbers are right their in your link, under U-6 the unemployment number is under 8% before March 2020...if you believe that is a legitimate number that isn't manufactured, that is fine, but it does not reflect the reality...hell 12.8% of the US is on disability, another hidden group that is accounted for brings the numbers up to nearly 20%.