Published May 8, 2020
And that’s not all. The 14.7 percent figure — officially, the “U-3” rate — also does not include people who are working only part time for economic reasons. That number soared by more than 5 million people in April. A separate unemployment number, the U-6, includes the marginally attached and those working part time for economic reasons as well as the officially unemployed. That rate is a mind-boggling 22.8 percent.
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Henry Olsen is a senior fellow at the Ethics and Public Policy Center.