OBAMA GREAT RECESSION: REAL UMEMPLOYMENT RATE IS 9.7% – AND NOT 4.9 FALSELY TOUTED BY OBAMA REGIME

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Now that you know the official jobs number, here’s the REAL unemployment rate

 

Nicholas Wells,CNBC   8/6/16

 

 

Most economists look past the official unemployment rate — also known as the “U-3” number — to other metrics that provide other views of the state of jobs.

One of those figures is the U-6 rate, which has a broader definition of the unemployed. That rate rose slightly in July — to 9.7 percent.

The official unemployment rate is defined as “total unemployed, as a percent of the civilian labor force,” but doesn’t include a number of situations in which workers may find themselves. The U-6 rate is defined as all unemployed, plus “persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the labor force.”

That is, the unemployed, the underemployed and the discouraged

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