23,730,000 Unemployed and Underemployed Americans

Posted: Mar 09, 2012 4:09 PM

The Obama administration and DNC Chairwoman Debbie Wasserman Schultz want Americans to believe that the economy is turning around and that people are finding jobs, but the fact is, Americans aren't finding jobs and unemployment statistics aren't telling the full story about the economy and millions are out of work.

The latest report for February shows lingering economic disparities among different segments of the population. And, as has been the case for decades, the unemployment rate used by the Bureau of Labor Statistics does not tell the whole story.

Counting only those Americans who are actively looking for work, the jobless rate is 8.3 percent, just like it was in January. But counting those who stopped looking for work within the last year, the rate is 9.8 percent.

So what's the solution? More legislation according to Republicans.

Hunter is pushing legislation that would require the Bureau of Labor Statistics to broaden its definition for the unemployment rate. He wants the department to count those who stopped looking for work as well, which would put last month's rate at 9.8 percent.

"We just want to know what the truth is, because we can't make good policy here unless we know what the actual unemployment number is," Hunter told Fox News on Thursday, ahead of the latest labor report release. "It's not 8 percent -- anybody who's out there in the real world knows that. We need real numbers, not D.C. numbers."