Monday, February 20, 2012

The True Unemployment Rate Under Obama

This is the U-6 unemployment rate that also measures people who have stopped looking for employment or are under employed.  The U-3 unemployment rate is of the official unemployment the media gives but it doesn't give the full story of unemployment.
The U6 unemployment rate counts not only people without work seeking full-time employment (the more familiar U-3 rate), but also counts "marginally attached workers and those working part-time for economic reasons." Note that some of these part-time workers counted as employed by U-3 could be working as little as an hour a week. And the "marginally attached workers" include those who have gotten discouraged and stopped looking, but still want to work. The age considered for this calculation is 16 years and over
http://portalseven.com/employment/unemployment_rate_u6.jsp
No matter what anyone says, unemployment has been a disaster under President Obama and this graph clearly show this.

No comments:

Post a Comment