Translate

Saturday, November 09, 2013

Real U.S. Unemployment Rate is 13.8%

The state-run media reports the October unemployment rate was 7.3 percent, but that numbers doesn't tell the entire picture. People who have given up looking for work are not counted as "unemployed" by the Labor Dept. When you factor those people in the mix, the real unemployment rate, known by economists as the U-6 number, is 13.8 percent.

'Real' Unemployment: 13.8% | CNS News

No comments: