I’m surprised it took this long, but it’s finally become mainstream thinking to acknowledge that the official unemployment rate is little more than nonsensical propaganda. As the emergence of massive populist movements on both the “right” and the “left” have demonstrated, something ain’t right in the U.S. economy, and everyday people get it.
Bloomberg reports:
Democrats typically cite the current unemployment rate of 4.9 percent as evidence of significant economic improvement since the last recession, but a report this week from the left-leaning Center for Economic and Policy Research says otherwise.
