Not counted are prime working-age adults who have quit looking for a job, part-time workers who want full time positions, and young college graduates who have enrolled in graduate school because they cannot find decent full-time employment. The real jobless rate is closer to 20% or higher and this is due to slow economic growth.
Reasons for this slow growth include burdensome government regulation and taxes and disincentives to work. Business regulations are more costly than necessary mostly because of the environmental mentality. Corporate taxes are amongst the highest in the world and is a direct reason for slow jobs growth.
In recent decades, we have seen a substantial expansion of public benefits that discourage workers to search for work and companies to hire workers. This has created 2nd and 3rd generations of Americans who have come to expect the state to provide for them.
In the meantime, the federal debt continues to increase at historic levels. We are told the deficit has improved and is under control because it is no longer in excess of $1 trillion. Meanwhile the debt has risen to just short of $18 trillion. Economists have stated that for every trillion dollars added to the debt we decrease our potential growth by 1%. That means fewer jobs, less taxes, and more debt.
Each month we are given these factious numbers and politicians proclaim the good or the bad. They then go on with their "important" work and the demise of the United States continues unabated as the national debt continues to soar with nobody mentioning it and trying to solve this problem. Obama and the Marxist/Progressives are certainly not going to mention it because they support the destruction of the Evil Imperialist nation along with the capitalist. Those who claim to be concerned wash over the problem because it might affect their political careers. Meanwhile the United States gets closer and closer to the cliff.