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The REAL Unemployment Rate Is 22%
Posted By kurtnimmo On February 25, 2011 @ 9:59 am In Economic Crisis,Tile | Comments Disabled
The Daily Bail
February 25, 2011
It remains above 22% with the February update. Details from John William’s Shadow Gov’t. 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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