Yes its all an illusion. 18%-20% is the true unemployment rate. There are 140 million people in this country of employment age and 92 million are out of work. How is that 5.6 % unemployment? 1 in 5 people are on foodstamps. If it was not for welfare, unemployment insurance and food stamps there would be soup lines a mile long on every corner.
The real indicator of what is happening is the Baltic Dry Index (BDI) and its looking bleak. We are in a global meltdown.
There is a difference in how the elected class and media class view the economy and how average American’s are viewing it.
Although the drop in gas prices might provide some relief,albeit temporarily