'Real' Unemployment: 13.8%

By Barbara Boland | November 8, 2013 | 11:59am EST

(AP Image)

(CNSNews.com) – The “real” unemployment rate rose from 13.6% in September to 13.8% in October, according to figures released today by the Bureau of Labor Statistics (BLS).

Though the national unemployment rate is 7.3%, the “real” unemployment rate is a broader measure of the number of people in the United States, 16 and older, currently looking for jobs.

Known as the U-6 unemployment rate, this “real” unemployment figure, seasonally adjusted, includes the unemployed “plus all persons marginally attached to the labor force, plus total employed part time for economic reasons ….”

The U-6 rate captures the fuller picture of people who are willing and able to work, but cannot find a job.

Since President Barack Obama has been president, the  U-6 unemployment rate rose from 14.25% in January 2009 to a high of 17.1% in October, November and December 2009 and the same rate in February, March, and April 2010.  The U-6 rate did not fall below 14% under Obama until March 2013, when it hit 13.8%, the same rate for October 2013.

The business and economic reporting of CNSNews.com is funded in part with a gift made in memory of Dr. Keith C. Wold.

CNSNews Reader,

The liberal media are terrified of the truth, especially when it leads to uncomfortable questions about their own leftist worldview.

CNSNews covers the stories that the liberal media are afraid to touch. It drives the national debate through real, honest journalism — not by misrepresenting or ignoring the facts.

CNSNews relies on the support of our loyal readers to keep providing the news and commentary that matter to the American people, not just stories that prop up the liberal agenda.

Make a donation today. Just $15 a month would make a tremendous impact and enable us to keeping shining the light where the liberal media are afraid to tread.

— The CNSNews Team

DONATE

Connect

Sign up for our CNSNews.com E-Brief to receive the latest news.