I hate reports of the unemployment rate. They are lies, usually.
Check out this post from Bill Humbert on RecruitingBlogs.com to understand the unemployment rate.
Check out my commentary on it at Career-Resumes.
Here’s a visual… Bill says the government reports an unemployment rate that is just part of the picture (U3). The real unemployment rate, he says, is a few lines down (U6). (click image for original source)
Of course, the reality is if you are unemployed, your PERSONAL unemployment rate is 100%.