The actual unemployment rate in America is higher because we stop counting peopl... | Hacker News

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		kqr2 on Nov 7, 2008 \| parent \| context \| favorite \| on: U.S. job losses soar, jobless rate at 14-year high The actual unemployment rate in America is higher because we stop counting people after their unemployment insurance runs out.

nradov on Nov 8, 2008 | [–]

Wrong. http://www.bls.gov/news.release/empsit.faq.htm

steveplace on Nov 8, 2008 | [–]

Two numbers in the unemployment report: U3 and U6. U3 is lower and the one looked after in the media. U6 is much more harrowing and much more accurate.

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