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Friday, November 06, 2009

Digging deeper: media-buried U.S. Department of Labor statistic show real unemployment rate is 17.5%

(United States Department of Labor) -- ...October, 2009...U-6 Total unemployed, plus all marginally attached workers, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all marginally attached workers...17.5 [percent]

NOTE: Marginally attached workers are persons who currently are neither working nor looking for work but indicate that they want and are available for a job and have looked for work sometime in the recent past. Discouraged workers, a subset of the marginally attached, have given a job-market related reason for not looking currently for a job. Persons employed part time for economic reasons are those who want and are available for full-time work but have had to settle for a part-time schedule...Cont'd...LINK

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