Real U.S. Unemployment Rate at 23.2%, not 5.5%

Arizona Ralph, , ,

Global Research

unemployment

The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers.

The U-3 unemployment rate is the monthly headline number. The U-6 unemployment rate is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment.

The ShadowStats Alternate Unemployment Rate for January 2015 is 23.2%.

Unemployment Data Series   subcription required(Subscription required.)  View  Download Excel CSV File   Last Updated: March 6th, 2015

 

Via <a href="http://www.shadowstats.com/alternate_data/unemployment-charts&quot; target="newwindow"Shadow Government Statistics