Real Unemployment Rate Is Over 30%
by Dean Garrison
Nov. 24, 2013
What would you say if I told you that the real unemployment rate in America is at least 30%? Would you call me a tin foil hat conspiracy theorist? Hear me out because I can back up that claim if you will give me a few minutes of your time.
The official unemployment number for last month was 7.3%. A lot of Americans don’t understand how this number is calculated and it is very misleading.
The Bureau of Labor Statistics tracks six official unemployment rates as follows: