Relevant:
- Payroll Disaster: Nonfarm Payroll +115,000 Establishment Survey But -169,000 Household Survey, Labor Force Drops by 342,000
- Depression Level Unemployment -15.6 % and 32 Million on FOOD STAMPS
- Nonfarm Payroll +120,000, Unemployment Rate Fell .1 to 8.2%; Record 87,897,000 "Not in Labor Force"
- The Low Unemployment Rate Is A Momentary Calm Before The Coming Economic Storm
- France's Relentlessly Deteriorating Unemployment Fiasco
2012-04-06 — globaleconomicanalysis.blogspot.it
The official unemployment rate is 8.2%. However, if you start counting all the people that want a job but gave up, all the people with part-time jobs that want a full-time job, all the people who dropped off the unemployment rolls because their unemployment benefits ran out, etc., you get a closer picture of what the unemployment rate is. That number is in the last row labeled U-6.
U-6 is much higher at 14.5%. Both numbers would be way higher still, were it not for millions dropping out of the labor force over the past few years.
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.