That's right! Counting the unemployment of all people out of work and looking for work puts the unemployment rate at 15%. Changing the formula for the unemployment rate was a trick Reagan came up with just prior to bis reelection.
Is the Government ever going to get honest about how bad it is right now? I'd like to see it.
People are starting to feel really optimistic about the recession and its being over soon. Not so fast. There's still millions of ARM mortgages that haven't reset yet. When that happens, there will be another hit to the credit system that is gasping for air already.