Deputy Labor Secretary: ‘Simply Ludicrous’ We’re Cooking Unemployment Numbers

‘Well, the real unemployment rate is 4.9 percent’

RUSH TRANSCRIPT:

LU: "Well, the real unemployment is 4.9 percent. That’s how we’ve been counting it for years. This idea that somehow the numbers are cooked or that there is an unemployment rate of 40 percent, it is simply ludicrous. It depends if you want to count 16-year-olds and 80-year-olds."
 

Video files
Full
Compact
Audio files
Full
Compact