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Sat Jun 6, 2020, 01:55 AM

Here's why the real unemployment rate may be higher than reported (21%)

The overall unemployment rate would have been ďabout 3 percentage points higher than reportedĒ if those individuals had been identified correctly, according to the agency. (The estimate isnít seasonally adjusted.)

That would put the official unemployment rate at 16.3%.

The true rate could be higher still.

The unemployment rate doesnít include the share of workers who may have dropped out of the workforce, perhaps due to feeling pessimistic about the chances of finding a job in the current economy. More than 6 million workers have dropped out of the labor force since February.

In fact, the unemployment rate is a much-higher 21.2% as judged by another metric.

{more...)

https://www.cnbc.com/2020/06/05/heres-why-the-real-unemployment-rate-may-be-higher-than-reported.html

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Reply Here's why the real unemployment rate may be higher than reported (21%) (Original post)
tirebiter Jun 2020 OP
roamer65 Jun 2020 #1
Squinch Jun 2020 #2

Response to tirebiter (Original post)

Sat Jun 6, 2020, 01:57 AM

1. Yup, the U6 unemployment rate.

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Response to tirebiter (Original post)

Sat Jun 6, 2020, 07:23 AM

2. Wasn't that the metric conservatives insisted on citing

to argue that unemployment was high under Obama?

Mmmmhmmmm. It was.

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