The US unemployment figures came out last week issued by the Bureau of Labour Statistics, with the media consensus view that they were fairly positive. Negative commentary came in the form that all the improvement was in seasonally adjusted figures, the raw figures showed a deterioration. Statistics aside, the chart below demonstrates some of the concern with the unemployment figures.
Even though the US population continually grows (blue line), the official US workforce has shrunk by about 8,000,000 people, from 133.9m in March 2009, to 126.2m now. Conspiracy theories suggest the real unemployed are being defined out of official statistics. Whatever the reason, the reality is that there are a lot of people not working, reducing the income of the country.