Tells what story? Because your original premise is dead in the water. The U4 rate is always higher than the U3, by definition. The number of Discouraged workers has not increased, while employment has. These facts do much to explain why you've glaringly failed to provide any documentation for any of your claims in the way of supporting data.Nope ... the definition tells the story.
Your conclusion is simplistic ... faulty.
The bolding of the term currently is rather unnecessary. This is the definition that has been used for many administrations prior.Did you know that currently the Government considers you to be in the U3 group only if you've been looking for work in the last 4 weeks?
That should help disguise how crappy the unemployment really is and enable Administration supporters to keep the scam going.