The Real Unemployment Rate – January 2015

http://www.unionofunemployed.com/blog/homepage/the-real-unemployment-rate-january-2015/

Our Summary of U.S. Real Unemployment makes the adjustments necessary to determine: first, the number of Real Unemployed Persons and, second, the Real Unemployment Rate. In January 2015: The number of Real Unemployment Persons increased by 285,000 to 18.0 million The Real Unemployment Rate increased by 0.1% to 11.3%. However, in addition to the 18.0 million Real Unemployed Persons at January 31, there are another 4.2 million workers who, while also saying they want jobs, have not looked for work in the past twelve months. Solely because they haven’t looked, these workers are not included among the marginally attached workers; if included, January’s Real Unemployment Rate of 11.3% increases to 13.6%, a figure more than twice the official BLS rate of unemployment.

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