PBS "Jim Lehrer" reports on the uncounted unemployed

"PAUL SOLMAN: Here are the new numbers from the Labor Department's monthly survey of 60,000 households. The official number is what the government reports as U-3, 14.7 million unemployed as of June. That's 9.5 percent.

U-4 adds discouraged workers who've stopped looking. That would make unemployment 10 percent.

U-5, marginally attached workers who say they'd take a job, but haven't looked in a month. The number would then be up to 10.8 percent.

The most inclusive number, U-6, adds part-timers looking for full-time work, bringing the total to 16.5 percent.

Here's the transcript: http://www.pbs.org/newshour/bb/business/july-dec09/undercounted_07-02.html

 

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