Friday, May 8, 2009

The Real Unemployment Rate

Once again the picture has worsened, the unemployment rate rising from 8.5 percent in March to 8.9 percent of the work force in April according to the latest data from the Bureau of Labor Statistics. Consequently, despite small dips in the numbers of marginally attached workers and involuntary part-timers, the figure provided by this fuller measure of unemployment has risen from 15.6 to 15.8 percent of the work force in the same time frame (and a full percentage point higher than in February this year, just two months earlier).

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