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It stands to reason that a broader net yields a higher number.
Folks who want to make the situation look as grim as possible might be interested in getting the highest possible number. Should we include the 'marginally attached' housewife who's open to taking a job if it falls into her lap?
Regardless, UI still has little to do with it, which makes Seaver at best confused and misinformed.
None of this is to say that the current economic situation is sunshine and roses -- clearly it's not. On the other hand, it's deceitful to compare unemployment rates to this U-6 metric without being totally clear that they're measuring different things.
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I wake up in the morning more tired than before I slept
I get through cryin' and I'm sadder than before I wept
I get through thinkin' now, and the thoughts have left my head
I get through speakin' and I can't remember, not a word that I said
- Ben Harper, Show Me A Little Shame
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