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

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

Alternate Unemployment Charts

By Global Research News

Global Research, March 09, 2015

Shadow Government Statistics 6 March 2015

Region: USA

Theme: Global Economy, Media Disinformation

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