Here’s a little basic math, that most of us can easily grasp, that clearly demonstrates the fact that unemployment in America is being inaccurately reported.
Based on Labor Force Statistics from the Current Population Survey provided by the Bureau of Labor Statistics for April (seasonally adjusted) there are currently 155,421,000 people in the American workforce.
WASHINGTON (CBSDC/AP) — Despite the unemployment rate plummeting, more than 92 million Americans remain out of the labor force.
The amount (not seasonally adjusted) of Americans not in the labor force in April rose to 92,594,000, almost 1 million more than the previous month.
If the American workforce totals 155,421,000, and you subtract the 92,000,000 of us that are actually out of work, you get the real unemployment rate of 59%! This is more than double the peak unemployment rate of The Great Depression, which was approximately 25%!
How can the unemployment rate be “plummeting” with so many of us out of work?
Why would the unemployment figures be reported in the 6% range on a constant basis, if this was true?
We’ll leave that “math” for you to do.