Real economic data reflects real unemployment rate

Posted by RJ & Makay on July 9, 2012

quantitative-easing, real-unemployment, unemployment


Real economic data reflects real unemployment rate

The real unemployment rate, when including the “marginally attached workers”, is 9.8%. A “marginally attached worker” is someone that is not counted in the unemployment survey because they have not searched for work in the 4 weeks prior to the survey. There are approximately 2.5 million people that have looked for work in the last 12 months that were not included in the calculated 8.2% unemployment rate. The number of part-time workers that are involuntary part-time employees is 8.2 million. When adding that number to the real unemployment rate you would get a rate of 15.1%. Investors can expect government action, based on the recent economic data.

For more information and statistics see this Seeking Alpha article.

RJ & Makay



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