Quote:
Originally Posted by Keedy
What I said is that they always had two figures as the unemployment rate a couple years ago. When the unemployment rate was say 8% the media would always say that the figure was actually higher...maybe 10%. I can't remember the formula but they know the actual number. The figures are there...but only selectively used.
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The governments own admission for years has been that 4% is full employment, everyone inside that number is not looking for work, unable to work, etc. So the real unemployment is 6%