rfmcdonald | An interesting statistical suggestion (Reply)

From a Brazilian news site:

Data from the US Labor Department shows that the current unemployment rate in the US is 6.1 percent. Wall Street commemorates the data by sending the stock market up, up and away. But if you make some rational adjustments to the unemployment rate as reported by the US Labor Department, you get a different picture.

It is estimated that at least 3 million people are hiding in the disability figures. They had an explosion in the number of people on disability in the last 2 and half years. Another 4 million are not counted because they left the labor force and are considered discouraged workers who abandoned their job searches. If we adjust the unemployment rate for these items, then the US unemployment rate jumps to over 12 percent.

If we make further adjustments for the over 2 million people in the prison system in the US, and for the over 6 million people who are underemployed or decided to further their education because they could not find a job, then a more realistic picture appears of the unemployment rate in the United States, with the actual unemployment rate increasing to over 18 percent.

Does anyone know if this is correct? It seems rather radical.