Bernie Sanders: ‘Real Unemployment Is Not 5.3 Percent, It Is 10.5 Percent — It Is a Crisis’
BERNIE SANDERS: "Now, let me say a word about jobs. You read every month that unemployment is 5.3%. The government comes out with the statistic. Please know that that statistic is only one of many statistics the government releases on jobs. That statistic does not include those people who have given up looking for work and those people who are working part time, millions, when they want to work full time. Real unemployment is not 5.3%, it is 10.5%. It is a crisis. And now let me tell you what very few people are talking about which is an even greater crisis. And that is youth unemployment which we don't talk about at all. I asked for last month a study from the economic policy institute, and they came up with the results that nobody is questioning. Listen to this. If you are a white kid between 17 and 20 who graduates high school, you have a 33% unemployment rate. If you are an Hispanic kid, you have a 36% unemployment rate. If you are an African-American kid, 17-20, high school graduate, you have a 51% unemployment rate. That is unacceptable, that is turning our backs on an entire generation."