economy, along with the july unemployment numbers showing the unemployment rate dropped 7.4%. month after month the administration touted those improvements with cautious enthusiasm. i think the general pattern is that the economy is continuing to heal. we have a lot of distance to go, to go back to full health. another unemployment number offers an entirely different picture for pessimists and may explain why businesses remain hesitant to expand. it s the u-6 rate which includes underemployment, parttime employment, and marginally attached workers. it stood at 14.3% for the month of july. worse, the unemployment rate for the millenia generation remains at 16.1%. if you look deeper into that number, it s not just 16.1%. only 43.6% of young americans
attempts to invest in infrastructu infrastructure, create job training programs. its hospital mystic forecasting often we re talking about. u-6 rate. that s the one that reflects underemployment, part-time employment and discouraged workers who have given up looking. that number for july was 14.3%. 1.8 million americans have given up looking for work. the effects of unemployment rate for my generation is 16.1%. there s a tragedy going on. but if you look deeper into that number, it s not just 16.1%. only 43.6% of young americans have full-time work right now. if you re in my generation, you re not finding economic opportunity. feinberg goes on to say that 1/3 of his generation are moving back home with their parents. that s something that we really have not seen since the great depression. a dynamic that really defies national order for young adults to seek their own lives an the implications of that are
so as one key unemployment indicator hits a six-year low we take a closerer look at some of the arithmetic you don t often hear about. reporter: over the last four weeks jobless claims jobbed to 335,000 on average, the lowest average since november 2007. it is another sign coupled with last month s rate that the economy may be pulling out. i think the general pattern from this report, other data coming in is the economy is continuing to heal. reporter: another employment number may help to explain why businesses remain hesitant. it is the u-6 rate which includes under employment. it stands at 14.3%. we are in the fifth year of recovery and yet people are dropping out of the workforce. i have never seen that happen before. reporter: the unemployment rate for the milineal is higher.
rate, which includes people who are out of a job but also people who are working part-time who would rather be working full-time. and obviously, 14.3%, john, that is still too high. john? indeed, too high. our thanks to zain asher. coming up here next, so, the coup was just the beginning. we re going to go live to cairo, where deadly violence has broken out. and we re also going to go inside a tsa bomb training center. it is a cnn exclusive. stay with us. unh hey! let s go! [ male announcer ] you can choose to blend in. yeah! yeah! yeah! or you can choose to blend out. oh, yeah-eah! the all-new 2014 lexus is. it s your move.
rate improved slightly, though near a 4-year low, which means that not that many people are working ultimately. and the other part that is most troublesome is the real unemployment rate. that went up to 14.3% from 13.8%. that s really the people that are either taking part-time jobs, so they really want a full-time job. so a lot of people that somehow are working cause they got to put food on the table, but not really where they want to be ultimately. jesse: talk about putting food on the table, i went to the supermarket the other day to stock up for my barbecue over the weekend and i shelled out a lot of jack. what s with the prices of all this stuff? i m sorry i missed your barbecue, but ultimately there is inflation here. let s talk about barbecue for 12 people. they did an average. they said about 70.66. so that shows inflation.