Politics

Sanders: ‘Real Unemployment Remains Much Too High’

It appears that the Obama economy has not lived up to Sen. Bernie Sanders' (D., Vt.) standards.

While campaigning for Hillary Clinton on Thursday in Youngstown, Ohio, Sanders told a crowd of supporters that "real unemployment remains much too high."

Clinton's campaign advertised that Sanders would be speaking about "Clinton's plans to build an economy that works for everyone."

"Let's be honest," Sanders said to the crowd. "Real unemployment remains much too high."

Sanders was referring to the real unemployment rate, which accounts for those who are unemployed, underemployed, and people who have given up looking for work altogether. The most recent numbers released by the Labor Department for September indicate that the real unemployment rate is 9.7 percent.

The slow recovery following the 2008 recession has created a much larger part-time workforce for the American economy. Currently, 7.1 million Americans are classified as part-time workers who would like to work full time.

"There are still too many people who want jobs but cannot find them, too many who are working part-time but would prefer full-time work," Janet Yellen, the chairwoman of the Federal Reserve, said in a September press conference.

"People have given up looking for work in high unemployment areas," Sanders said in his speech.

Sanders railed against a "rigged economy" in his Democratic primary race with Hillary Clinton and argued that Wall Street banks need to be regulated more strictly to fix the American economy.

In the final week of the campaign, Sanders has planned a major role in rallying voters to cast their ballots for Clinton. He has been dispatched to many college campuses to speak on behalf of Clinton and rally young supporters who voted for him in the primary to vote for the former secretary of state on Election Day.