I bet according to the media this is a good thing. It is now his new base, zero’d out .....so basically the unemployment rate is zero, like him.
An alternate figure for the real unemployment rate is the “comprehensive gauge of labor underutilization” AKA U-6.
This includes those who have given up looking for work “discouraged workers”
U-6 = “U-6 Total unemployed, plus all marginally attached workers, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all marginally attached workers.. “
The U-6 is now 17.5%
See
Table A-12. Alternative measures of labor underutilization
http://www.bls.gov/news.release/empsit.t12.htm
*How’s that Hope and Change working out for you, Obama voters?*