The Obama reported unemployment rate of 7.3 % is a total fabrication.
The rate is supposedly the percentage of the "labor Force" that is unemployed, but I can't find what the "labor force" is. It is probably some number picked by the government bean counters to make the unemployment rate look smaller.
And the only reported unemployed are the people who are applying for or collecting unemployment. Those who have collected the maximum amount from the unemployment tax are no longer considered unwmployed, but are said to have :given up looking for work".
what would the unemployment rate be had congress passed obama's jobs bill?.
One ploy is the recent practice of "encouraging" unemployment apploicants to drop their applications and apply for SS disability instead. If they can get disability, they are not s counted as unemployed and are able to collect for much longer periods.

While Obama crows about creating two million new jobs, he is simply lying (as usual). If you deduct the number of new government jobs, deduct the number of private sector jobs lost or reduced to part time by Obama care and myriad government rules and harassment of private employers, it is apparent that there has been a net loss of private sector jobs since Obama usurped the office of president.

And the real unemployment rate is at least double what the government admits to. If you add the huge number of professional welfare parasites who are collecting food stamps,Obamaphones, WIC, ADC, unpaid student loans, section 8 housing, free medical, free school lunches and breakfasts, earned income tax credits, etc, etc, people who have never worked and have no intention of workung, the figures can be totally astounding.