America riggs the numbers when it comes to measuring unemployment. It may be that every country does that. I really can’t say. I think that Bernie Sanders is coming close to real numbers when e quotes 10.5%. American’s participation in the labor market (which is different than the employment rate) is as low as it’s been since the Department of Labor started measuring it. 62.6% of all Americans participate in the labor force, leaving 37.4% who do not. There are a number of reasons that people don’t work. Having said that, one must look at the current participation rate historically to determine “how bad things are”.
If the employment rate is so good, why is the nation teetering on recession — still. I understand that Obama and his acolyte, Hillary Clinton are telling America that, “happy days are here again”. I simply think that they’re full of —rhetoric.