James Pethokoukis

Politics and policy from inside Washington

[Chart] The unemployment rate they don’t want you to know about

July 11, 2011

The official U.S. unemployment rate is 9.2 percent. But what if that rate was adjusted just for all the discouraged folks who’ve dropped out of the labor force during the past few years? It would be over 11 percent. (And over 16 percent if you counted the underemployed.) This chart from JPMorgan makes the point:

 

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