Real Unemployment Rate at 16.3%

For Immediate Release

Contact: 

David Card 202-785-5980; dcard@adaction.org 

Real Unemployment Rate at 16.3%

ADA Calls for Unemployment Benefits Extension

WASHINGTON - Americans for Democratic Action, proud liberals fighting on behalf of working and unemployed Americans for 62 years, released the following statement about today's unemployment numbers from the Bureau of Labor Statistics.

The following can be attributed to Michael J. Wilson, ADA's new National Director:

"The real unemployment rate released today by the Bureau of Labor Statistics is 16.3%, nearly 7 points higher than the officially reported rate.

"President Obama's economic recovery plan is working but the real rate of unemployment underscores an urgent need to spur more hiring.

"A jobless recovery is not a recovery.

"Millions of American workers are still struggling to find work. When Congress returns in September, they must extend unemployment benefits," Wilson said.

"America's politicians need to pay more attention to the plight of the unemployed American worker. Americans want to work and we need more opportunity to work hard and to bring home a paycheck."

"More government money is not enough. After they finish health care, and move on extending unemployment, Congress needs to tackle a serious comprehensive jobs and job training package that will spur long-term jobs and diminish unemployment for the long-term unemployed.

"The real rate includes marginally attached workers which the BLS reports "are neither working nor looking for work but indicate that they want and are available for a job and have looked for work sometime in the recent past. Discouraged workers, a subset of the marginally attached, have given a job-market related reason for not looking currently for a job. Persons employed part time for economic reasons are those who want and are available for full-time work but have had to settle for a part-time schedule."

"The real unemployment rate dropped from 16.4 % in June, marking the first decline in unemployment since April 2008. There are currently 25 million workers unemployed or underemployed using the real rate."

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ADA is America's most experienced independent liberal lobbying organization. In the spirit of the New Deal and ADA founders Eleanor Roosevelt, renowned economist John Kenneth Galbraith, and former Senator and Vice President Hubert Humphrey we lobby through coalition partnerships, through direct advocacy, and through the media.

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