How many unemployed?

In this post-Reagan era, you can use the Government’s “official” count of unemployment – which is broken up into categories from U1 to U6, but everybody uses the U3, currently 5.3% – or you can check out John Williams’ Shadow Government Statistics, with puts the current count at 23%. Williams attempts to use the pre-1990 method of calculation (which is difficult because the government is trying really hard not to obtain anything resembling real unemployment figures) so that you can compare modern unemployment figures with historical data.

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