Real Unemployment Rate – June 2014
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 June 2014:
• The number of Real Unemployed Persons decreased by 115,000 to 19.0 million
• The Real Unemployment Rate decreased by 0.1% to 12.1%.
Note: In addition to the 19.0 million Real Unemployed Persons at June 30, there were another 4.7 million persons who, while also saying they want jobs, have not looked for work in the past twelve months. Solely because they haven’t looked, these persons are not included among the marginally attached workers; if included, then June’s Real Unemployment Rate of 12.1% increases to 14.6%, a figure still more than twice the official BLS rate of unemployment.