The real unemployment rate currently checks in at 13.9%, not the widely reported 7.5%. Bureau of Labor Statistics provides the calculation for the real unemployment rate on a monthly basis. It’s referred to as U-6 unemployment. So it’s not like the journalists and politicians who are peddling the 7.5% figure can use the excuse that they don’t know how to calculate the real number. It’s already done for them. Bottom line: It’s time for the real unemployment rate to stand up. Any other calculation misrepresents the truth and distorts what’s actually going on in the economy. And now that you know the truth, there’s no more reason for you to be duped by the government, or the media. ontherightsideradio/unemployement-rates/
Posted on: Tue, 23 Jul 2013 14:45:36 +0000
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