According to the Bureau of Labor Statistics there were approximately 163,000 private industryjobs created in the U.S. in July, and the unemployment rate is 8.3 percent. Those figures, however, do not accurately depict the reality of the unemployment rate in the U.S. today.
The government’s most widely publicized unemployment rate takes into account only those who are collecting unemployment benefits and actively looking for work. It does not take into account those whose unemployment benefits have run out, those who have given up seeking work, or those who are underemployed – desiring full time work but forced to work part time.
