When you add up U-3 and all the underutilized workers the official U-6 rate for May 2009 is 16.4%. That’s an official BLS-generated stat that no one really wants to talk about: One out of every six members of the civilian labor force is either out of work or not fully employed.Note: The BLS is the government's Bureau of Labor Statistics, compiler of the official unemployment figures. "Not fully employed" means those who are working part-time but wish they were full-time.
One out of six unemployed or underemployed - those are some ugly numbers. It won't be long before people start blaming President Obama for their plight.
