The official government U3 unemployment rate is 5%.  This measures unemployed workers who have looked for work within the past 4 weeks. 

The official government U6 unemployment rate is 10%.  This measures unemployed workers who have looked for work within the past year.

 

The government does not count unemployed workers who have not looked for work in more than a year.  They are considered employed by the government measurements.  I wonder how a person feels who is sitting there with no paycheck and few prospects for one, yet the government considers this person employed.

 

Respected economist John Williams of Shadowstats puts the true unemployment number at 23%.  Williams counts those who are actually unemployed.  So Trump had it right.  He actually was 3% lower than the real number. 

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