Labor shortage! The real unemployment rate is probably under 4%
4 min readMay 26, 2021
If an unemployed worker is not actively seeking a job, they should not be counted in the unemployment rate.
According to the Commerce Department, the current unemployment rate is 6.1%. That’s up slightly from the 6% rate recorded in March. Surprisingly with the economy probably growing at an 8% rate this quarter, the number of new workers should have been…