The Real Unemployment Rate – August 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 August 2014:
The number of Real Unemployed Persons decreased by 351,000 to 19 million.
The Real Unemployment Rate increased by 0.2% to 12.0%.
In addition to the 19 million Real Unemployed Persons at August 31, there were another 4.2 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 August’s Real Unemployment Rate of 12.0% increases to 14.3%, a figure more than twice the official BLS rate of unemployment.