The U.S. unemployment rate is about 6.1% we are told. So our Economy is OK?
If only 6.1% was a true statement on our employment.
What needs to be added to the 6.1%, U3, is 12%, U6, which is the measure of U.S. unemployed and no longer looking for employment. www.bls.gov/news.release/empsit.t15.htmBLS See U3 and U6
The U6 rate has been unreported by the mainstream media since 1999.
See note one: Real unemployment - Roberts
Having such high actual unemployment rates is having consequences as to the number of Americans experiencing conditions of poverty. The US poverty rate is 17% or 25 million Americans. See note two: Poverty in the U.S.A.
Knowing that high levels of unemployment are contributors to high Poverty levels, why are our real unemployment rates so high?
If we look at Outsourcing statistics, we see that over 24 Million U.S. jobs have been outsourced. That is 10 plus million reported by the AFL/CIO on their website and the remainder from Information Technology (IT) and call center and service jobs.
See note three: Outsourcing