Quote:
Originally Posted by seeric
Sorry Rochard. You are a smart guy. That number drops every time they make an announcement because less and less people are even eligible. That number is based on people that can claim benefits. The truth is the country has never been wrought with more unemployment than it is right now. The financial gurus are saying that it's closer to 20% realistically.
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I believe this is only half true. You can try to argue and debate what the true figure is, and if you want to go that route.... Then you need to recompute the figure for the past twenty years so we have some kind of a baseline to judge everything by.
If the "true" unemployment rate is really 20%, what was it two years ago? Four years ago? 40%? 60%?