The unemployment problem in the US may have been underplayed by the US Fed. However, the statistics hardly fail to reveal the magnitude of the crisis. As per Washington Post, for those who have been unemployed in the US for long, finding jobs has become nearly impossible! In fact as per economists, the long term unemployed may stay out of jobs forever. They argue that such workers have become part of a vicious cycle. Their skill sets have deteriorated during the long spell of joblessness. Hence they are unlikely to fetch jobs versus those who are newly skilled. Again, in their desperation to fetch jobs such workers are willing to accept lower and lower pay. Data revealed by White House shows that of the unemployed from 2008 to 2013, only 36% were in a job 15 months later. Hence a major portion of the population has remained unemployed for good. These unemployed workers have in most cases even ceased to become job seekers. While the US Fed may choose to call this 'less unemployment', the crisis in the economy is for real.