Real Unemployment Rate – April 2014

May 2, 2014 in From the Director, Homepage, Real Unemployment Numbers, Recent News by latoya

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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 April 2014:

The number of Real Unemployed Persons decreased by 686,000 to 19.4 million
The Real Unemployment Rate decreased by 0.4% to 12.3%.

Note: In addition to the 19.4 million Real Unemployed Persons at April 30, there were another 3.9 million persons who, while also saying they want jobs, have not looked for work in the past twelve months. Simply because they haven’t looked, these persons are not included among marginally attached workers; if included, then April’s Real Unemployment Rate of 12.3% increases to 14.4%, a figure more than twice the official BLS rate of unemployment.

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