tag:blogger.com,1999:blog-3758330678390419129.post3864344428727507124..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Chicago Fed: The Real Unemployment Rate is Now 30.7%Robert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3758330678390419129.post-76105999888963631492020-05-16T16:41:49.592-04:002020-05-16T16:41:49.592-04:00I agree that neither of these figures are correct,...I agree that neither of these figures are correct, but I do believe the true unemployment figure is closer to the 30.7% rather than 14.7%.<br /><br />The unemployment rate does not usually account for the Long-term unemployed (individuals who have looked for work in the past four weeks and have been out of work for six months). <br /><br />Marginally attached workers (person who has not looked Joe Nicehttps://www.blogger.com/profile/13317154196813957276noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-86801131090365869522020-05-15T18:30:18.466-04:002020-05-15T18:30:18.466-04:00Its likely that both rates are wrong. I personally...Its likely that both rates are wrong. I personally am aware of several businesses that are not designated "essential" and yet have continued to operate. In addition, because not all employees decided to continue some workers have actually increased their hours and their income. I realize that millions have applied for unemployment but I know some who are also working in the black marketBrian Ericksonhttps://www.blogger.com/profile/10188778202762603278noreply@blogger.com