The "Real" Unemployment Rate Jumps To 17.1%

The BLS’s U-6 number, which is sometimes called the “real” unemployment rate, because it takes into discouraged workers who aren’t looking for work ticked up in April from 16.9% to 17.1%.

Here are some other internals;

  • Persons unemployed 15 weeks or longer held steady at 5.8%.
  • The average workweek increased .1 hours to 34.1 hours.
  • Average hourly earnings increased by a single penny to $22.47.
  • The Federal Government created 66,000 of the 290K jobs gained through the census.
  • The birth/death adjustment (guess) added 188,000 jobs, which bears will seize on
  • The Health Care industry created 20,000 new jobs.
  • Manufacturing added 44,000 jobs (strong)

Read the full report here >

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

Tagged In

jobs moneygame-us