Real Unemployment Is Far Greater Than 9.8

we now know that the unemployment rate is 9.8%, and that the stimulus has created or saved about 30,000 jobs. But while unemployment is bad, is the number we have still not accurate?

Figure it this way. If the workforce is 1000 and 100 are out of work, the unemployment rate is 10%. But if 10 of those 100 stop looking for work, the workforce is 990, and the unemployment rate drops to 9.1%.

So while 30,000 jobs have been made (really only about 14,000 once you subtract the saved) how many jobs have been removed from the work force? How many people have stopped looking for jobs? Thus shrinking the work force, which is bad. So even if unemployment goes down, think of how many of those supposed new jobs are actually people leaving the labor force. Just something to about.