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Rasmus on the attack again

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The irrepressible Jack Rasmus, who has never demonstrated any real understanding of how economic statistics are constructed, has a new post claiming that the “real” unemployment rate is more like 10–12% than the officially reported 3.7%. He has a point, even if it’s somewhat overstated. The government’s own broad unemployment rate, U-6, was 7.2% in […]

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