The U-3 unemployment rate is the official number used as our unemployment rate, but it does not take into account part-time workers who want full-time work and discouraged workers who’ve given up looking. If you actually count these people in order to calculate an unemployment rate, this is called the U-6 unemployment rate. For September, the U-6 unemployment rate is 14.7%. Interestingly enough, this number remains unchanged from the previous month. So it defies common sense that the U-3 rate could drop from 8.1% to 7.8%.
The Obama regime decided that unemployment data would be collected and analyzed by the federal government instead of the states as it always had been before Obummer got elected? Could this be why? YOU DECIDE!
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