U.S. job growth picks up, unemployment rate falls to 3.9 percent

U.S. job growth increased less than expected in April and the unemployment rate dropped to near a 17-1/2-year low of 3.9 percent as some out-of-work Americans left the labor force. 

https://www.reuters.com/article/us-usa-e...SKBN1I508J

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The U3 unemployment rate is the monthly headline number. The U6 unemployment rate is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment. The actual unemployment number is derived by adding back the "long-term discouraged workers" which were eliminated from all government unemployment reporting in 1994.

So U3 is currently 3.9%
U6 is around 8%.
The true number is about 22%

www.shadowstats.com

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