The regular unemployment rate (U3 statistic) reported in the press and by the government (9.8%) is not an accurate measure of unemployment. The Bureau of Labor Statistics also tracks the U6 measure - which includes people who have given up trying to get new jobs or part-time employees trying to work additional hours. http://articles.moneycentral.msn.com/learn-how-to-invest/The-real-unemployment-rate.aspx
The U6 measure is approximately 17% which means 1 out of every 6 American is either unemployed, underemployed or discouraged from looking for more work.
If you want to take this a step further and seasonally adjust the unemployment rates, you end up with 22% unemployment. http://www.shadowstats.com/alternate_data/unemployment-charts
No comments:
Post a Comment