True unemployment rate formula
For August 2019 the official Current Unadjusted U-6 unemployment rate was 7.3% unchanged from July, down from 7.5% in June. It was 6.7% in May and 6.9% in April, 7.5% in March, 7.7% in February and 8.8% in January. Unemployment Rate Unemployment rate is the percentage of labor force that is currently unemployed but was available for job in last four weeks and was actively seeking employment in that period. It is the ratio of the number of unemployed people to the sum of the number of employed and unemployed people.