Unemployment Rate Is Higher Than you Think

Real unemployment is about 10% :

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“The U6 unemployment rate counts not only people without work seeking full-time employment (the more familiar U-3 rate), but also counts “marginally attached workers and those working part-time for economic reasons.” Note that some of these part-time workers counted as employed by U-3 could be working as little as an hour a week. And the “marginally attached workers” include those who have gotten discouraged and stopped looking, but still want to work. The age considered for this calculation is 16 years and over” **

** From the U6 Unemployment Rate article at Portal Seven.

***Gary A. Howie MSc, PhD*** is a business owner/rancher and a Life & Liberty News contributor

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