The "Real" Unemployment Rate Is 17.5%

The doomiest among you are obsessed with U-6, also known as The Real Unemployment Rate, because it measures discouraged workers who aren’t actually looking for work.

Anyway, that number soared to 17.5% from 17% last month. That’s a huge month-over-month jump.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at