Traveler, first off I was quoting Big A who mentioned "no middle class" and "little opportunity" in China, and only excentuating the point here in the states at the direction our economy is heading with Republican leadership as comparing to China's.
Secondly, how many quality union and non-union jobs have left America comparable to my full time job at UPS with good wages, health and pension benefits. Are you denying this trend of QUALITY jobs has declined since the Reagon days and expedited within the last 8 years.(and yes admittingly Clinton's NAFTA didn't help either).
Thirdly, the unemployment rate is not a measure of the percentage of people that do not have a job. It is a measure of the percentage of the labor force that doesn’t have a job but are actively looking for work. So, if the unemployment rate is quoted as 5 percent, it does not mean that 95 out of every 100 people are working. It could mean, for example, that out of every 100 people, 60 are working, 35 are not working and don't want to be working, and 5 are not working but are actively looking for employment. That’s the key; someone must be actively looking for work to be listed as unemployed in the index.
Is the unemployment rate accurate? The unemployment rate cannot be completely accurate and there are plenty of reasons for that.