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The Misleading Unemployment Rate

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MoveRight.TV’s Maya Boston addresses the issues surrounding the misleading U3 unemployment rate reported by the Bureau of Labor Statistics, which at the beginning of 2015 was 5.7 % when the more accurate U6 unemployment rate was 11.3 %. She discusses how these rates are affected by the labor force participation rate which is at its lowest since 1978. Today, less than 63 % of working-age Americans are employed, while about 102 million are not.
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