[brycehamrick]

I take real issue with the unemployment rate claim. The federal U-3 rate is a politicized number that has over time been reduced to an incredibly narrow definition. U-6 is much better because it includes discouraged workers who have given up on seeking employment and part-time workers who want full-time (an increasingly large population). In 1994 the BLS changed the U-6 to exclude long-term discouraged workers which had the effect of lowering the rate. As John William's Shadowstats shows, when you adjust long-term discouraged workers back into the U-6 rate unemployment is actually well over 20%.

http://www.shadowstats.com/alternate_data/unemployment-chart...