BLS: Total Unemployed, Marginally Attached & Part-Time, Unemployment Rate is 9.9%
(AP photo.)
That 9.9% unemployment rate, seasonally adjusted, was the same in December and November 2015, and up slightly from October, when it was 9.8%.
In January 2015, a year ago, the U-6 unemployment rate was 11.3%.
Prior to October 2015, the last time the U-6 unemployment rate was in the 9.8-9.9% range was in May and June 2008, seven months before Barack Obama was inaugurated president.
Source: Gallup and Bureau of Labor Statistics.
The Gallup polling company calls the U-6 number the "Real Unemployment" rate in America. As it states, "Widely reported unemployment metrics in the U.S. do not accurately represent the reality of joblessness in America."
"For
example, the U.S. Bureau of Labor Statistics (BLS) does not count a
person who desires work as unemployed if he or she is not working and
has stopped looking for work over the past four weeks," says
Gallup. "Similarly, the BLS does not count someone as unemployed if he
or she is, for instance, an out-of-work engineer, construction worker or
retail manager who performs a minimum of one hour of work a week and
receives at least $20 in compensation."
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