More Than 105 Million Working Age Americans Do Not Have a Job Right Now

July 05, 2023

by Michael Snyder The Economic Collapse Blog

Our long slide toward economic oblivion continues, and survey after survey has shown that most Americans are deeply unsatisfied with the current state of the U.S. economy. Inflation is out of control, most Americans are getting poorer due to the rapidly rising cost of living, the housing bubble has started to burst, and the commercial real estate market is a giant mess. But employment is supposed to be our bright spot. The Biden administration continues to tell us that the unemployment rate is less than 4 percent and that there are lot of jobs available for those that want them. But is this really true?

To answer that question, it is imperative to understand that our government places unemployed persons into one of two categories…