This is an image of the percentage of the labor force that is working every month. I made one change to it though, I added in all the people who are looking for/want work into the labor force, where the government doesn't count them.
We haven't even shown a bottom yet, still going down.
I agree that just looking at unemployment can be misleading. I saw one figure that said including the looking for work people would bump it up to 15%.
Yeah, it's at 15% as of July, up 0.5% since April.
The difference between the official unemployment figure and the real figure, before 2009, was almost always around 3%.
Ever since then, it's been around 7%.
So basically, that 4% of Americans will never be counted unless we change the statistic that we report.
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