The US economy is currently embroiled in the economic downturn which followed the financial crisis of 2007–08, with output still below potential according to the Congressional Budget Office.[54] As of August 2014, the unemployment rate was 5.9%,[55] while the government's broader U-6 unemployment rate, which includes the part-time underemployed, was 11.8%.[56] At 11.3%, the U.S. has one of the lowest labor union participation rates in the OECD.[57] Households living on less than $2 per day before government benefits, doubled from 1996 levels to 1.5 million households in 2011, including 2.8 million children.[58]