Why do some people say that the real unemployment rate is over 20%?

If one challenges the official unemployment rate, they are almost always and immediately labeled a “conspiracy theorist”. This is weird because we all know that the U-3 unemployment rate doesn’t tell the whole story. So, logically, maybe the U-6 rate also isn’t very accurate either. Is that really so crazy? Not really. And you don’t have to think there’s some dark conspiracy…

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