Just a reminder: Actual US Unemployment Higher than Reported
Posted: September 5th, 2013, 3:27 am
So there's a misunderstanding about unemployment rates that most people don't know about. Unemployment is usually rated on a scale from U-1 to U-6. Media sources and government use the U-3 number, but that number doesn't take into account underemployment, those who have given up finding work, discouraged workers, and U-3 counts part-time workers as full-time. A much more accurate number that takes into account all these things is U-6, and not surprisingly, it is MUCH higher. There's intentional deception not to inform people about what's actually going on.
http://www.bls.gov/news.release/empsit.t15.htm
http://www.bls.gov/lau/stalt.htm
Some states like my state of California, have a U-6 unemployment hovering near 20%. And there's no sign of recovering at all.
http://www.bls.gov/news.release/empsit.t15.htm
http://www.bls.gov/lau/stalt.htm
Some states like my state of California, have a U-6 unemployment hovering near 20%. And there's no sign of recovering at all.