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It is all about statistics. The government doesn't count the 1.2 million folks that have given up trying to find gainful work. Since they don't count, government reported unemployment drops.The truth is there hasn't been any appreciable improvement in the unemployment numbers, if counted the way they did in the 60s, since March 2010.
Gotta agree. I would put unemployment at about 20%. Plenty out there that were self employed, working under the table and those that you said have run out of unemployment.