Real Unemployment 9.3%
(CNSNews.com) -- Although the national unemployment rate for December was 4.7%, the real or total unemplyment rate -- people who work part-time because of the economy and other marginally attached workers -- was 9.2%, according to the Bureau of Labor Statistics (BLS). The last time it was as low as 9.2% was in April 2008, more than eight years ago.
As Gallup explains, "Widely reported unemployment metrics in the U.S. do not accurately represent the reality of joblessness in America. For example, the U.S. Bureau of Labor Statistics (BLS) does not count a person who desires work as unemployed if he or she is not working and has stopped looking for work over the past four weeks."
Source URL: http://www.cnsnews.com/news/article/michael-w-chapman/real-unemployment-93-0