The official unemployment rate reported this week is 14.3 percent, but that is not reality!
It does not not include the last two weeks of unemployment applications, as a result of the CoronaVirus Pandemic.
There are now, officially, 36.5 million unemployed people, and with a working population of about 156 million people, that means, using basic math, that the actual unemployment rate in mid May is 23.4 percent, just a point and a half lower than the all time high of 24.9 percent in February 1933, the worst moments of the Great Depression before Herbert Hoover handed over power to Franklin D. Roosevelt!
it is clear that as soon as another 2.5 million Americans file for unemployment this week or next, the unemployment rate will be at 25 percent or more, an all time high in American history!