Obama’s Real Unemployment Rate: 14.7%

Gee, Mark, was it your intention to demonstrate galring ignorance of economic issues? If so, you succeeded admirably. The U-3 unemployment rate is 7.8% but that is not THE unemployment rate. There are, in fact, several and a case can be made for use of each. In times like these, any competent economist will tell you that the use of U-3 is hard to justify makimg every point made in the article valid and yours ... well, uneducated at best.

Mark, the point of the article is that the 7.8% unemployment figure cited so often by the administration and mainstream media is not the best indication of our real economic circumstance. Do you get this, or are you part of the political establishment?
Mr. Ferrara never said that the unemployment figure was anything but 7.8%. But don't you agree that the U6 unemployment is a much better indicator in these times of non-recovery from the recession, particularly in light of the very large number of people who have given up looking for work, who are taking part-time employment, and who have been on unemployment benefits for record lengths of time?
Or are you trying to make some other point? If you are, I've missed it.