The “Real” Unemployment Rate Jumps To 17.1%

Joe Weisenthal
Business Insider
Friday, May 7, 2010

The BLS’s U-6 number, which is sometimes called the “real” unemployment rate, because it takes into discouraged workers who aren’t looking for work ticked up in April from 16.9% to 17.1%.

• A d v e r t i s e m e n t

Here are some other internals;

* Persons unemployed 15 weeks or longer held steady at 5.8%.
* The average workweek increased .1 hours to 34.1 hours.
* Average hourly earnings increased by a single penny to $22.47.
* The Federal Government created 66,000 of the 290K jobs gained through the census.
* The birth/death adjustment (guess) added 188,000 jobs, which bears will seize on
* The Health Care industry created 20,000 new jobs.
* Manufacturing added 44,000 jobs (strong)

Read the full report here

This article was posted: Friday, May 7, 2010 at 1:05 pm

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