What’s the Real Unemployment Rate?

by Jason Unger

The country got a bit of good news late last week when the unemployment rate dropped to 10%, with the economy losing only 11,000 jobs and revised numbers for September and October lower than originally estimated.

While the news was able to push stocks up a bit for the week as more investors see this as a recovery, there’s a bit of skepticism that the rate is accurate.

Our friends over at Mint have put together a video showing the “real” unemployment rate — which includes the underemployed, people not eligible for unemployment benefits, and more.

It’s a depressing video, but worth watching. Take a look at it now.

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