The CEO of the revered Gallup polling group has discovered what we have known for a long time: “The official unemployment rate…is extremely misleading.”
‘Extremely misleading’ is still being too generous…the official unemployment rate as reported by the U.S. Department of Labor is a flat-out LIE.
An ‘unemployment rate’, that doesn’t count everyone who is unemployed, is a lie.
Funny how it took the people at Gallup this long to catch on.