Unemployment Rate May Be Worse Than You Think

By Jennifer Moreale
The Bureau of Labor Statistics reported a decreased unemployment rate of 9.7 percent in January. At the same time, economist John Williams from Shadow Stats estimated the SGS Alternate Unemployment Rate to be between 22 and 21 percent. Williams explains how the two calculations differ: The seasonally adjusted SGS Alternate Unemployment Rate reflects current unemployment...

TAGS: Bureau Of Labor Statistics, John Williams, SGS Alternate Unemployment Rate, Shadow Stats