Is U.S. Employment Status as Reported by Media Outlets Disingenuous?

According to a report from ABC News, “weekly applications for jobless benefits dropped 12,000 last week to a seasonally adjusted 260,000.” With the unemployment rate falling to 5 percent the average quasi-informed person might conclude the economic health of the United States is definitely on the correct path to recovery. However, why is the quality of jobs never discussed and why is labor underutilization, as measured by the U.S. Bureau of Labor Statistics (BLS), reported at level U-3 instead of the much broader picture of U-6, despite logical arguments the latter is a more accurate reflection of the nation’s unemployment situation?    Other metrics commonly relied to evaluate economic stability and prosperity includes analyzing long-term unemployment (structurally displaced workers), job seekers incapable of finding suitable employment, and the civilian labor force participation rate. Upon reviewing these stats pre-2008 to present 2015 it is clear the U.S. economy is without any doubt not as strong as many suggest.  In fact, when incorporating the $19+ trillion in national debt, an arguably failed fiscal policy, and the Fed's monetary policy that has artificially underpinned economic recovery since 2008 it seem

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