Undercounting the Joblessness

With 13.9 million people in the U.S. out of work according to the federal government's unemployment calculations (a tally that excludes those who are classified as 'discouraged' workers and 'involuntary part-timers,' among others), the Labor Department reported that only 54,000 jobs were added to nonfarm payrolls in May, down significantly from an average of 130,500 new jobs per month during the first four months of this year."