To determine the true unemployed number

First we need to know what the civilian labor force is.

As of 1 July 2018, it is 161,539,000

https://fred.stlouisfed.org/graph/fredgraph.png?g=kjLM

Then we need to know the unemployment numbers.

https://www.bls.gov/news.release/empsit.t15.htm

As of today, the may numbers are:

U-1 – 1.4

U-2 – 1.5

U-3 – 3.6

U-4 – 3.8

U-5 – 4.4

U-6 – 7.3

Shadowstats – 21.5

Which means we have:

U-1 – 2,261,546 unemployed

U-2 – 2,423,085 unemployed

U-3 – 5,815,404 unemployed

U-4 – 6,138,482 unemployed

U-5 – 7,107,716 unemployed

U-6 – 11,792,347 unemployed

Shadowstats – 34,730,885 unemployed

As of today, the JOLT number (jobs available) is 6.7 million

Which means we have:

U-3 6,700,000 – 5,815,404 or 884,596 jobs available

U-6 6,700,000 – 11,792,347 or 5,092,347 unemployable

Shadowstats – 6,700,000 – 34,730,885 or 28,030,885 unemployable

 

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