Horseshlit, the number you're referring to is the U-6 which hasn't changed since the last revision to the "U" levels in 1994. Though not as widely reported as the U-3 number you're more familiar with it is reported and available on the bls.gov website. Right now U-6 is at about 14%, down from a high of 17%.<quoted text>
I found this an eye opener, sadly so many of Obama's LIV's are functional illiterates. Or happily on welfare already.
This “official unemployment rate” has been manipulated throughout the years. The current version does not include discouraged workers (those who stop looking for work, or no longer can qualify for unemployment benefits) and the underemployed (those who take part-time jobs just to get by).
Rep. Duncan D. Hunter, R-Calif., stated in The Washington Times,“The official unemployment rate treats this subset of Americans, totaling as many as 88 million people, as if they just vanished ... call it what it is, an accounting gimmick.”
So What Is the Real Number That Obama Would Prefer You Don’t See?
The real unemployment rate is an eye-opening 22.3%, according to John Williams with Shadow Government Statistics ... nearly triple the “official unemployment rate.”
But as alarming as this number is, certain experts — like Dick Morris, John Bolton, Lou Dobbs, Newt Gingrich, and Larry Kudlow — believe our economic situation could get much, MUCH worse.
Read more: Jobless rate is inaccurate as Obama Plays a Numbers Game