Perki

Japanese Banks: It Ain't So If You Say It Ain't So

Yes, when we switched our "Official" unemployment rate, in the late '90's, from the U-5 (currently 11.1%) to the U-3 number (currently 9.8%) and though we still ignored the real number, U-6 (currently at 17%), we improved the economy measurably.

Now, if we changed the "Official" number to the U-1 figure, our unemployment would instantly drop to 5.4%. Problem solved!