Tuesday, September 06, 2011

That sounds more like the truth

(CNSNews.com)The real unemployment rate actually rose in August, according to the Department of Labor, belying the fact that the official unemployment rate, 9.1 percent, remained flat while the economy did not create any new jobs on net last month.
According to the data from the Bureau of Labor Statistics, real unemployment rose to 16.2 percent in August, up from 16.1 percent in July and tying the 2011 record set in June.
The real unemployment rate is comprised of three different measures of the labor force that more accurately reflect who is really unemployed, as opposed to the official unemployment rate, which merely measures those who told the government they were unemployed and looking for work in the past month.
- Weasel Zippers