Thread: Economics Unemployment Falls to 7.7%
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Old 12-10-2012, 08:04 PM   #35
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Quote:
Originally Posted by BucEyedPea View Post
Unemployment rate is really 22.9%











http://www.paulcraigroberts.org/
No it isn't. John Williams does good work but he overestimates unemployment. The government underestimates it.

The real number is in between (closer to the government's number though).

Also, and not surprising that you didn't know this, the government still counts discouraged workers. It's U6 and it's not the government's fault the media only reports U3.
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