(CNSNews.com) -- Although the national unemployment rate in January was 4.9%, a broader measure used by the Bureau of Labor Statistics (BLS), called U-6, which includes total unemployed, persons marginally attached to the labor force, and those working part-time for economic reasons, shows that the unemployment rate was 9.9% in January 2016.
That 9.9% unemployment rate, seasonally adjusted, was the same in December and November 2015, and up slightly from October, when it was 9.8%.
In January 2015, a year ago, the U-6 unemployment rate was 11.3%.
Prior to October 2015, the last time the U-6 unemployment rate was in the 9.8-9.9% range was in May and June 2008, seven months before Barack Obama was inaugurated president.
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5 comments:
Read the last two paragraphs of the article. The Fed unemployment numbers are bogus.
"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," says Gallup. "Similarly, the BLS does not count someone as unemployed if he or she is, for instance, an out-of-work engineer, construction worker or retail manager who performs a minimum of one hour of work a week and receives at least $20 in compensation."
Really.
Welcome to Democrat policies
Interesting that now 4.9% number is being challenged. Good, because it doesn't feel anything close to being as low. 9.9% and higher would be my guess, especially in depressed areas like the Eastern Shore. The beautiful reduced number has led many to believe in their minds, with their eyes closed, the economy is getting better. However, this is not the case.
As informed voters, it's your responsibility to ferret out the truth when the America Propaganda Machine spews out garbage fed from the Imperial Palace, I mean, White House. It's time for people to get with the program. Frankly, it's past voter complacency that has forwarded this agenda until it was too late.
Shush ! The Dems don't want the truth to be told.
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