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