Unemployment at 15.6 Percent

posted by Nima

May 9, 2009 · Posted in General Economics 

The monthly Bureau of Labor Statistics report indicates that U-6 (the rate of the officially unemployed (U-3) plus discouraged workers who have stopped looking plus people trying to get by in part time jobs) has gone up to 15.8%:

bls-april-2009

Another measure that is always worth looking at is at shadowstats.com:

Chart of U.S. Unemployment

The SGS Alternative rate is an attempt at a more accurate approximation of the number of discouraged workers which was narrowed down under President Clinton. This rate has now reached around 20%.

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