The “real” unemployment rate – a broader, more inclusive measure of the country’s jobless picture than the one usually used – remained unchanged at 14.5 percent in April, as the economy created a paltry 115,000 jobs.
Known formally as the U-6 unemployment rate, this measure includes those formally counted as unemployed, those known to be marginally attached to the workforce, and those who are working part-time because they cannot find full-time work.
According to the Bureau of Labor Statistics (BLS), the U-6 unemployment rate remained flat in April at 14.5 percent – meaning some 22.8 million people are either unemployed, have stopped looking for work, or need full-time work but can only find part-time employment.
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