Somehow all these sources, except for a brief reference from NPR and a very brief reference by CNBC, overlooked the U-6 unemployment rate of 14.7 percent, unchanged from August 2012. But The Wall Street Journal found room for a U-6 rate analysis.

The Wall Street Journal's U-6 rate analysis is quite telling, providing a much more realistic unemployment picture than the U-3 rate alone. The U-6 unemployment rate considers the U-3 rate as well as marginally attached workers:

"those who are neither working nor looking for work, but say they want a job and have looked for work recently; and people who are employed part-time for economic reasons, meaning they want full-time work but took a part-time schedule instead because that's all they could find.

In September, the number of part-time workers who would like full-time jobs surged by 582,000. That represents about two-thirds of the increase in employment last month and is larger than the drop in the number of unemployed. That's why the U-6 stayed at 14.7% in September."

Further, the various unemployment rates and the number of jobs added to the economy are derived from two separate reports!

Read more: http://www.americanthinker.com/blog/2012/10/just_how_stupid_do_they_think_we_are.html#ixzz28b0WuiYv