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Chart Shock: The REAL Unemployment Rate Is 22%
Posted By kurtnimmo On September 2, 2011 @ 12:33 pm In Global Crisis,Tile | Comments Disabled
The Daily Bail
September 2, 2011
It’s now above 23% with the August update. Details from John William’s Shadow Stats.
The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers.
The U-3 unemployment rate is the monthly headline number. The U-6 unemployment rate is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment.
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