Real Rate of Unemployment at 16.5%Quicklink submitted by Margaret Bassett Permalink
Become a Fan
|Bureau of Labor Statistics (BLS) released the officially measured unemployment showing that 14.7 million people are unemployed at a rate of 9.5%, yet the 'Real Rate' is 16.5 percent. Nonfarm payroll employment continued its decline loosing 467,000 jobs in June. The data show that of the 14.7 million unemployed, the rate for white was 8.7%, women 7.6%, youth 24.0%, African-American 14.7%, African-American youth 37.9%|
The time limit for entering new comments on this Quicklink has expired.
This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.