workforce participation rate declining
Everything You Thought You Knew About the Unemployment Rate Is Wrong
Do you have any idea what the current unemployment rate in America is? By the most popularly used “headline” Bureau of Labor Statistics (BLS) “U-3” measure that you see the figure as of November 2015 was five percent. Yet by another measure, the “U-6” rate, the figure as of November 2015 was almost double the U-3 rate at 9.9 percent. What gives?
