Is Unemployment Really 4%? Or Is It Over 20%? Is This Recovery An Illusion?

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HEADLINE UNEMPLOYMENT IS
4.0% – pretty good right? The number implies 96% of people are employed. Is this true?

What is this number obscuring?

❌Doesn’t include people that STOPPED LOOKING for work

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❌Doesn’t include part time workers that want or need full time employment

Only 4% are unemployed? Where are the 120,000,000 people not in the force?

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@shadowstats metric posits that over 1 in 5 Americans are truly unemployed.

These are Great Depression numbers.

Does the #economy seem more understandable through this lens?

 

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