Thursday, May 14, 2009

The real unemployment numbers

Looking at the numbers from the Bureau of Labor Statistics, the real number of unemployed seems to be near 16% and not the 'under 10%' as widely perceived... 

From the attached link it seems that the 'U-6' benchmark statistic which is explained as 
Total unemployed, plus all marginally attached workers, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all marginally attached workers..
stands at 15.8%!!

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