Broader Unemployment Rate Hits 12.5% The headline unemployment rate of 6.7% in November isn't the only one the Labor Department reports. They also break the rate down by age, gender, ethnicity, and education. And in table A-12, on page 19 of the report, they also share their broadest estimate of the unemployment rate, which includes the total unemployed (the standard rate) plus "all marginally attached workers, plus total employed part time for economic reasons... plus all marginally attached workers." That rate (called "U-6") in November? A whopping 12.5%.
The headline unemployment rate of 6.7% in November isn't the only one the Labor Department reports. They also break the rate down by age, gender, ethnicity, and education. And in table A-12, on page 19 of the report, they also share their broadest estimate of the unemployment rate, which includes the total unemployed (the standard rate) plus "all marginally attached workers, plus total employed part time for economic reasons... plus all marginally attached workers."
That rate (called "U-6") in November? A whopping 12.5%.
Hat tip to New Deal democrat "Dieu se rit des hommes qui se plaignent des conséquences alors qu'ils en chérissent les causes" Jacques-Bénigne Bossuet
