It's a short but decent discussion of why unemployment figures dont reflect the real unemployment rate. It mentioned discouraged workers, who are not counted b

It's a short but decent discussion of why unemployment figures dont reflect the real unemployment rate. It mentioned discouraged workers, who are not counted because they stopped looking. Also the underemployed are not counted. If you find 10 hours a week sweeping out a church, you are employed, even if you really are an unemployed corporate lawyer. Unemployment figures will tend to lag the recovery because formerly discouraged workers will start looking again and be counted again.