5% Unemployment? The Realistic Rate Is Higher

5% Unemployment? The Realistic Rate Is Higher

The national unemployment rate rose slightly to 5 percent in September, the Labor Department reported Friday. But relying on that one headline number as an indicator of the economy's direction leaves a lot of important information below the surface.

Every month on "Big Jobs Friday," the Bureau of Labor Statistics releases a boatload of data, each point of which provides its own unique perspective on a facet of the nation's employment situation. Economists look past the official unemployment rate — that 5 percent figure, which is known as the "U-3" rate — to other metrics that provide their own nuanced views of the state of jobs.

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