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What is Unemployment Rate Misleading Insights about?

The former head of the Bureau of Labor Statistics, who was in charge of compiling the unemployment rate from 2008 to 2012, believes that the real unemployment rate is around 10.6% rather than the reported 7.6%. He argues that the rate does not account for people who have stopped looking for work or those who are underemployed. A broader measure of unemployment that includes these groups was at 14.3% in June. The economy is still struggling despite signs of improvement in the housing and stock markets, which

Author

chrispat4

Language

EN