Friday, September 6, 2013

Unemployment rate rises to 11.4% as nearly 91 million Americans out of work force

On Sept. 6, the Bureau of Labor Statistics (BLS) issued their latest job report numbers, with August’s totals missing expectations by 11000.  More importantly however, was the more than 500000 Americans who fell off the unemployment rolls, which increased the total number of people out of work to just under 91 million.

And with that increase of American workers no longer being counted as participating in the work force, the separation between manipulated U3 rates and the actual unemployment rate, widened to a difference of over 4%.


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