It seems people don't realize how much $6T is and the effects of that kind of money being injected into the economy. Consider the 2008 housing bubble and financial crisis which was ultimately corrected with two stimulus packages totaling less than $2T...that money turned the economy around, put the economy into the longest bull market in history, resulting in a record stock market and corporate profits. Now its not t…
This was done through cooking the unemployment books ... That's patently false. BLS reports 6 different "unemployment rates" (1). The media has historically reported U-3. You can argue that U-6 is more meaningful in light of recent economic trends. But, no books have been cooked. 1 - https://www.bls.gov/news.release/empsit.t15.htm
Even U-6 removes people after 12 months...so yes there are 10's of millions who have not been accounted for essentially since 2008. These people simply do not exist to the Bureau of Labor. The numbers are right their in your link, under U-6 the unemployment number is under 8% before March 2020...if you believe that is a legitimate number that isn't manufactured, that is fine, but it does not reflect the reality...hell 12.8% of the US is on disability, another hidden group that is accounted for brings the numbers up to nearly 20%.