Don’t believe the MSM touted 8.1% BS.
(CNS News) — The “real” unemployment rate — a broader, more inclusive measure of the country’s jobless picture than the one usually used — remained unchanged at 14.5 percent in April, as the economy created a paltry 115,000 jobs.
Known formally as the U-6 unemployment rate, this measure includes those formally counted as unemployed, those known to be marginally attached to the workforce, and those who are working part-time because they cannot find full-time work.
According to the Bureau of Labor Statistics (BLS), the U-6 unemployment rate remained flat in April at 14.5 percent — meaning some 22.8 million people are either unemployed, have stopped looking for work, or need full-time work but can only find part-time employment.