Detailed text transcripts for TV channel - FOXNEWS - 20121014:10:28:00
Bunch of workers were counted as out of the labor force entirely, became counted a part-time workers. but under the u-6 rate, that's not a decline in the unemployment rate because they count all those people. they count all those people who are involuntarily part-time employment and they count some of the people who are out of the work force. now, if you go to what is called shadow statistics website they calculate the unemployment rate counting even the long-term discouraged workers. they count everybody who's left the work force and they have an unemployment rate of 22.8%, and so, somewhere ...
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