The Real Unemployment Rate – December 2014

Our Summary of U.S. Real Unemployment makes the adjustments necessary to determine: first, the number of Real Unemployed Persons and, second, the Real Unemployment Rate. In December 2014: The number of Real Unemployment Persons decreased by 294,000 to 17.7 million. The Real Unemployment Rate decreased by 0.2 to 11.2%. However, in addition to the 17.7 million Real Unemployed Persons at December 31, there are another 4.0 million persons who, while also saying they want jobs, have not looked for work in the past twelve months. Solely because they haven’t looked, these persons are not included among the marginally attached workers; if included, then December’s Real Unemployment Rate of 11.2% increases to 13.4%, a figure which remains more than twice the official BLS rate of unemployment.

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