November 2, 2012
The so-called real unemployment rate fell slightly in October, going from 14.7 percent to 14.6 percent, according to a report from the Bureau of Labor Statistics Friday.
This rate is a more comprehensive picture of those who are unemployed or underemployed.
Known as the U-6 rate, this measure combines those traditionally counted as unemployed, those counted as underemployed – holding part-time jobs for economic reasons, and those marginally attached to the labor force.
It is considered a more comprehensive measure of the employment pictures because it includes those two additional figures along with the traditional unemployment rate – giving a more thorough look at the impact of the economy on employment.
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