U6 includes part time workers and the marginally employed and tracks the official rate, U3. It will always be higher than U3. Sighting U3 is just another way of magnifying the problem. It does not add anything new to the picture.Read your own article. This is not bad news.I thought we were out of the recession and everything was looking up????
Can you imagine how bad Bush would be getting hammered right now if the unemployment rate was still this high.... It has been downhill ever since the Democrats took control of Congress... and Obama's policies obviously aren't making it any better.
Jobs up 290,000; jobless rate rises to 9.9 pct. - Yahoo! Finance
"The unemployment rate rose from 9.7 percent in March to 9.9 percent in April, mainly because 805,000 jobseekers -- perhaps feeling better about their prospects -- resumed their searches for work. "More confident employers stepped up job creation in April, expanding payrolls by 290,000, the most in four years."
The unemployment rate is based on the number seeking jobs and does not include those not seeking work. You pulled the wrong article to support your claim.
Read my post above yours. It's spin.
The U6 Rate increased from 16.9% to 17.1% - Unemployment is rising faster than Employment.
If you want to include discouraged workers, then you should sight U4. Of course that would yield a lower number.
Unemployment - Wikipedia, the free encyclopedia