6.7% unemployment figure doesn't count those not working or looking for work
(NEWSER) - As bad as today’s jobs report seemed, it actually soft-pedals the US employment situation, David Leonhardt writes in the New York Times. In November, 251,000 workers lost their jobs, driving the unemployment rate to 6.7%. But “unemployed” describes only individuals actively looking for work, and the number of Americans out of work or not job-hunting rose by 637,000. More»