Unemployment Numbers

The unemployment number comes out at 7.2% today. Supposedly a 16 year high. But there are speculations the true unemployment number is worse than it seems. Unemployment number counts percentage of willing and able workers that cannot find a job. So it does not count the number of people who have given up the job search or who have taken a low paying or part time job while looking for something better. So the true unemployment rate might be in the double digits.