Wednesday, December 07, 2011

What's the real unemployment number in the US?


On Friday, we saw the official unemployment rate drop to 8.6%.  It was at 9% the month before.

Nevertheless, what is the real unemployment rate in the US?  This is from Gallup:

"Job market conditions in the United States were flat in November, as Gallup's Job Creation Index remained at +14, similar to the range seen since May. This is another indication that Friday's sharp drop to 8.6% in the government's U.S. unemployment rate may be overstated."

Does this mean that the rate could go back up again?  Perhaps! 

Check out our conversation with Mario Yngerto & Dr Ileana Johnson-Paugh:


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