I am confused! REAL Unemployment?? 3.7% or closer to 25%?

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2023Jul 6

I am confused. The official Unemployment Rate is 3.7%. That means that 96.3% are working! The Economy should be robust! Yet, we see problems in the Economy, there is talk of heading into a Recession. However, Official Unemployment is only 3.7%; low unemployment is associated with a very good economy. However, Bankruptcies are going up to levels last associated with the 2020 Covid Recession and the GFC Recession. Manufacturing has also declined for over 2 years and is now negative, negative 4.24% and yet we have only 3.7% unemployment. How is that even possible. With 3.7% unemployment, we should be in a robust economy, but we are not! It would be very interesting for a study to determine how many jobs are full time and how many are working multiple jobs that may be counted more than once. I suspect that working even 1 hour a month might qualify as employed. The true situation may be worse. Michael's Website" www.michaeldouville.com Classes for Investing are being scheduled in Phoenix, AZ. Michael Douville's Investment Books: How To Create A Real Estate Money Machine and Retire With Income: https://www.amazon.com/Create-Estate-... Real Estate Investing for Beginners: https://www.amazon.com/Estate-Investi... Website: https://michaeldouville.com/