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Unemployment Rate

The Government is Lying

October 19, 2016 by Evan Cruse Leave a Comment

Is the unemployment rate actually 4.9%? The short answer is no. The reasoning is because anyone who has quit looking for a job or who has been unemployed for a long period of time is no longer considered unemployed. It's unbelievable but it's true; you can be unemployed for so long that the government considers you statistically employed. The unemployment rate is not 4.9% because only 62.8% of our labor force is employed. Spread the news to anyone who doesn't know this to be the case. . … [Read more...] about The Government is Lying

Filed Under: Local and County Issues Tagged With: Labor Force Participation Rate, Michigan Unemployment Rate, Unemployment Rate

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