The 'Real' Jobless Rate 17.5%

The 'Real' Jobless Rate  17.5%  All gov't statistics are fake.  Ahhh.  

Why does the gov't try to manage the statistics to make things look unduly good.  If you are trying to manage expectations shouldn't you tell the truth.  So when people find out the truth things don't plummet.

It's like my personal selling teacher always told me you should underpromise and overperform.  To me it seems like they are setting them selves up for failure.


the number dwarfs the statistic most people pay attention to-the U-3 rate-which most recently showed unemployment at 10.2 percent for March, the highest it has been since June 1983.The difference is that what is traditionally referred to as the "unemployment rate" only measures those out of work who are still looking for jobs. Discouraged workers who have quit trying to find a job, as well as those working part-time but looking for full-time work or who are otherwise underemployed, count in the U-6 rate.
With such a large portion of Americans experiencing employment struggles, economists worry that an extended period of slow or flat growth lies ahead.
"To me there's no easy solution here," says Michael Pento, chief economist at Delta Global Advisors. "Unless you create another bubble in which the economy can create jobs, then you're not going to have growth. That's the sad truth."
Pento warns that forecasts of a double-dip ("W") or a straight up ("V") recovery both could be too optimistic given the jobs situation.