Long-Term Unemployed Rises, Real Unemployment Basically Unchanged

By Matt Cover | March 8, 2013 | 9:32am EST

FILE - In this Wednesday, June, 15, 2011, file photo, job seekers wait in a line at a job fair in Southfield, Mich. In the United States, half of the 7.5 million jobs lost during the Great Recession were paid middle-class wages, ranging from $37,000 to $68,000. But only 2 percent of the 3.4 million jobs gained since the recession are mid-pay. (AP Photo/Paul Sancya, File)

(CNSNews.com) - Despite adding an estimated 236,000 jobs in February, the number of long-term unemployed rose and the broader, real unemployment rate remained virtually unchanged, according to the Bureau of Labor Statistics.

The number of Americans out of work for more than 27 weeks rose in February by 89,000, going from 4.7 million to 4.8 million, BLS reported Friday.

The broader U6 unemployment rate, called the real unemployment rate by some because it provides a fuller measure of the jobless picture, remained largely unchanged in February, falling slightly from 14.4 percent to 14.3.

The U6 rate measures those BLS counts as unemployed, those marginally attached to the workforce, and those employed part-time for economic reasons – giving a much broader picture of the jobless situation in America by capturing both the underemployed and those who are unemployed but who haven’t looked for a job in some time but still want to be employed – the marginally attached.

BLS said that the overall economy added an estimated 236,000 jobs  in February and that the national unemployment rate fell from 7.9 percent to 7.7 percent.

CNSNews Reader,

The media are hard at work weaving a web of confusion, misinformation, and conspiracy surrounding the COVID-19 pandemic.

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 has emerged as the conservative media’s lynchpin for original reporting, investigative reporting, and breaking news. We are part of the only organization purely dedicated to this critical mission and we need your help to fuel this fight.

Donate today to help CNSNews continue to report on topics that the liberal media refuse to touch. $25 a month goes a long way in the fight for a free and fair media.

And now, thanks to the Coronavirus Aid, Relief, and Economic Security (CARES) Act, you can make up to a $300 gift to the 501(c)(3) non-profit organization of your choice and use it as a tax deduction on your 2020 taxes, even if you take the standard deduction on your returns.

— The CNSNews Team

DONATE

Connect

Sign up for our CNSNews Daily Newsletter to receive the latest news.