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Real Unemployment Rate Hits 16.8% [View All]

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elehhhhna Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-04-09 03:39 PM
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Real Unemployment Rate Hits 16.8%
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Real Unemployment Rate Hits 16.8%
Submitted by Tyler Durden on 09/04/2009 08:22 -0500

BLS Bureau of Labor Statistics Green Propaganda REAL Real Unemployment Rate Spain U-6 Unemployment


As markets digest the worse, yet somehow better, than expected 9.7% unemployment, the real state of the labor market is much worse, as indicated by the U-6 number, which has hit a recent record of 16.8% on a seasonally adjusted basis. As a reminder, the "U-6 represents 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." In other words, in reality the U.S. labor market is likely about as bad as Spain in terms of undoctored jobless data.


http://www.zerohedge.com/article/real-unemployment-rate...
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