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A free floating commentary on culture, politics, economics, and religion based on a passionate commitment to the truth and a desire graciously to refute that which is contrary to it….
"He must hold firm to the sure word as taught, so that he may be able to give instruction in sound doctrine and also to confute those who contradict it."
--Titus 1:9, Revised Standard Version
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The official unemployment rate is 7.6%. However, if you start counting all the people who 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 14.3% [and note that month over month U-6 ROSE from 13.8% to 14.3%]. Both numbers would be way higher still, were it not for millions dropping out of the labor force over the past few years.
Read it all and he also has more on this today. I have emphasized the importance of U-6 as the best gauge of the employment situation over and over and over again--KSH.
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