Monday, April 6, 2009

The Real Unemployment Rate

Those of you who've been following the blog recently know the drill: new month, new update on the real unemployment rate. The official figure's up to 8.5 percent, up another 0.4 percent over last month. The figure you get from the Bureau of Labor Statistic's inclusion of "alternative measures of labor underutilization," however, comes up to 15.6 percent-almost one in six members of the work force-up from 14.8 percent last month. (The extra 0.4 percent of the increase came in the part of the work force that is "employed part time for economic reasons," all too often forgotten in these discussions.)

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