The Mercatus Center has a post up, Comparison of BLS Alternative National Unemployment Rates, which contains this rather sobering chart:
Obviously, any signs of economic recovery are good, and encouraging, but we have a long way to go.
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The BLS Alternative Unemployment chart actually understates the true unemployment rate according to the reliable Shadow Government Statistics.
See: http://www.shadowstats.com/
Shadow Stats puts the current unemployment rate [as any objective person would define unemployment] at about 22-pc.
It is not surprising that the federal government would basically lie about important statistics like unemployment, the inflation rate, and even the GDP itself. Those in the government, including the all too permanent bureaucrats, want to appear competent …. so they throw out these bogus numbers as boob bait for the media to blend in with their big government propaganda to sedate the citizentry.
And think about how an artifically low inflation rate (CPI) helps the government. It keeps interest payments down on the federal debt and saves on SS payments by cheating seniors and others who rely on inflation adjustments.