Friday, May 8, 2009

Real Unemployment Now 15.8 Percent


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Not many people are aware of the U-6 report that is issued by the Bureau of Labor Statistics.
Marginally attached workers are persons who currently are neither working nor looking for work but indicate that they want and are available for a job and have looked for work sometime in the recent past. Discouraged workers, a subset of the marginally attached,have given a job-market related reason for not looking currently for a job.
The number reported today for this series is 15.8% .
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