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Ermm...how would including the underemployed make a "real unemployment rate"? Want a full-time job or not, they are still employed so that'd be doctoring the numbers (so to speak).
It is pretty well know the unemployment rate doesn't include the discouraged. I could see adding that plus the unemployed (actively looking) to create a more realistic rate, especially with how the economy went.
Why would any unemployment rate that drops out the discouraged workers be accurate? Anyone that wants to work full time but cannot due to circumstances beyond their control are part of the U-6 rate and that rate to me is a better indicator of the economy than the "official" Unemployment rate
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