Wall St. Journal - The National U-6 Unemployment Rate hits 16.5%

Wall Street Journal Article - Broader Unemployment Rate Hit 16.5% in June

U-6 is total unemployed, plus all marginally attached workers, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all marginally attached workers.

Marginally attached workers are persons who currently are neither working nor looking for work but indicate that they want and are available for a job and have looked for work sometime in the recent past.

Hound - This is the number I am referring to when I say that Unemployment is 25% in the area. If one extrapolates the National versus the local Hickory Metro and Catawba County numbers, then it is impossible to deny that that 25% is a very realistic number.

I heard someone the other day say that the great depression wasn't so bad for those that had a job. By listening to what politicians are saying today, and the decisions they are making, it sure does look like we are repeating history, doesn't it?

(National U6 / National U3) * Local U3 = Local U6
( 16.5 / 9.5 ) * 15.5 = 26.92%