'Real' Unemployment: 13.8%
Though the national unemployment rate is 7.3%, the “real”
unemployment rate is a broader measure of the number of people in the United
States, 16 and older, currently looking for jobs.
Known as the U-6 unemployment rate, this “real”
unemployment figure, seasonally adjusted, includes the unemployed “plus all
persons marginally attached to the labor force, plus total employed part time
for economic reasons ….”
The U-6 rate captures the fuller picture of people who are
willing and able to work, but cannot find a job.
Since President Barack Obama has been president, the U-6
unemployment rate rose from 14.25% in January 2009 to a high of 17.1% in
October, November and December 2009 and the same rate in February, March, and
April 2010. The U-6 rate did not fall below 14% under Obama until March 2013, when
it hit 13.8%, the same rate for October 2013.
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