The ‘Real’ Jobless Rate: 17.5% Of Workers Are Unemployed

We’re told that Nevada’s unemployment rate is about 13% and the national rate stands at 10.2%.  But some have suggested that there is a large segment whose unemployment compensation has run out and have given up even looking for work.  This CNBC article claims that the “real” unemployment numbers are at 17.5% nationwide.

According to the government’s broadest measure of unemployment, some 17.5 percent are either without a job entirely or underemployed. The so-called U-6 number is at the highest rate since becoming an official labor statistic in 1994.


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