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Message Subject The U.S. unemployment rate fell to 7.8?! True or False?!
Poster Handle Anonymous Coward
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It didn't fall at all. First, the Government uses the U3 unemployment rate number, not the U6 unemployment rate.

The U6 unemployment rate counts not only people without work seeking full-time employment (the more familiar U-3 rate), but also counts "marginally attached workers and those working part-time for economic reasons." Note that some of these part-time workers counted as employed by U-3 could be working as little as an hour a week. And the "marginally attached workers" include those who have gotten discouraged and stopped looking, but still want to work. The age considered for this calculation is 16 years and over.

You can see from the link below that the U6 number has was 14.7% this month and 14.7% last month resulting in a net change of... what for it, ZERO and that is a Fact. All the reports on the MSM today trying to say otherwise are simply politicing.

[link to portalseven.com]
 
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