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Friday, November 4, 2016

Real Unemployment Rate Is 9.5%

By Rick Pearcey • November 4, 2016, 10:46 AM

Michael Chapman reports at CNSNews.com:

Although much of the major media are reporting the national unemployment rate for October as 4.9%, the "real unemployment rate," as determined by the Bureau of Labor Statistics (BLS) and which includes part-time workers and those marginally attached to the work force, is 9.5%.

"In other words," Chapman continues, "the real unemployment rate in the United States for October is nearly double the 4.5% rate reported by most of the media."