True unemployment rate

People Not In Labor Force Soar By 663,000 To 90 Million

Via Billy

It's higher than this.

Bureau of Labor Statistics
Table A-15. Alternative measures of labor underutilization

[Percent]

Measure	Not seasonally adjusted			Seasonally adjusted
	Mar. 2012	Feb. 2013	Mar. 2013	Mar. 2012	Nov. 2012	Dec. 2012	Jan. 2013	Feb. 2013	Mar. 2013
U-1 Persons unemployed 15 weeks or longer, as a percent of the civilian labor force	4.9	4.3	4.3	4.6	4.3	4.3	4.2	4.2	4.1
U-2 Job losers and persons who completed temporary jobs, as a percent of the civilian labor force	4.8	4.6	4.3	4.5	4.1	4.1	4.3	4.2	4.1
U-3 Total unemployed, as a percent of the civilian labor force (official unemployment rate)	8.4	8.1	7.6	8.2	7.8	7.8	7.9	7.7	7.6
U-4 Total unemployed plus discouraged workers, as a percent of the civilian labor force plus discouraged workers	8.9	8.6	8.1	8.7	8.3	8.5	8.4	8.3	8.1
U-5 Total unemployed, plus discouraged workers, plus all other persons marginally attached to the labor force, as a percent of the civilian labor force plus all persons marginally attached to the labor force	9.7	9.6	9.0	9.6	9.2	9.4	9.3	9.2	8.9
U-6 Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force	14.8	14.9	13.9	14.5	14.4	14.4	14.4	14.3	13.8
NOTE: Persons marginally attached to the labor force are those who currently are neither working nor looking for work but indicate that they want and are available for a job and have looked for work sometime in the past 12 months. Discouraged workers, a subset of the marginally attached, have given a job-market related reason for not currently looking for work. Persons employed part time for economic reasons are those who want and are available for full-time work but have had to settle for a part-time schedule. Updated population controls are introduced annually with the release of January data.