What Is the Real Unemployment Rate? 11.1 Percent?

James Pethokoukis asks, “what is the true state of the labor market?” He offers, “If the size of the U.S. labor force as a share of the total population was the same as it was when Barack Obama took office—65.7% then vs. 63.6% today—the U-3 unemployment rate would be 11.1%.”

[img caption=”Credit: American Enterprise Institute” float=”center” width=”640″ height=”361″ render=”<%photoRenderType%>”]18099[/img]