About 9.5%, if you count discouraged workers and the under-employed, and if you add in the undercount from urban areas. Handy metric? Add about 5% to whatever you hear on the news.
What's inflation? Add 7% to whatever they say on the news.
The lower, good news statistics brought to you, first by Clinton, and then refined by Bush. Thanks, guys.
What's that about a recession, hmmmm?