Rep. Duncan Hunter, R-Calif., wants Americans to know what the real unemployment rate is, not the figure that the Bureau of Labor calls unemployment which excludes those who have given up hope and are no longer seeking employment.
Rep. Hunter says his one-page bill, the “REAL Unemployment Calculation Act” (H.R. 4128), is not an effort to make President Barack Obama look bad, but rather to shoot straight with the American people:
The Bureau of Labor Statistics calculates the current unemployment rate at 8.2 percent. If Rep. Hunter’s bill were to become law, the current unemployment rate would be 9.6 percent.
Presently, the government already calculates both figures, but reports the so-called U-3 rate as the nation’s official unemployment figure. Rep. Hunter’s proposal would report the U-5 rate as the nation’s unemployment rate.
Read more at Breitbart.com.
