The Current Numbers for Unemployment and Underemployment in America—Looking Yet again at U-6

Posted by Kendall Harmon

The U6 unemployment rate tabulates not only people without work who are seeking full-time employment but also counts "marginally attached workers and those working part-time for economic reasons."

Please take the time to study this graph of U-6 at the top and look carefully at the other numbers. What do you see? Seasonally adjusted U-6 unemployment is now
still higher than it was in November of 2008, over 5 years ago. While there has been improvement from the worst levels of the great recession, it is hardly anywhere near what could be called healthy.

Those of you who are data hounds (like yours truly) will perhaps appreciate the table here; there is much more material at the BLS website--KSH.

Filed under: * By Kendall* Culture-WatchHistory* Economics, PoliticsEconomyLabor/Labor Unions/Labor MarketThe Credit Freeze Crisis of Fall 2008/The Recession of 2007--The U.S. Government

Posted January 10, 2014 at 5:30 pm [Printer Friendly] [Print w/ comments]
Registered members must log in to comment.

Next entry (above): From the Morning Bible Readings

Previous entry (below): (NY Times) Just as Hopes Were Lifting, a Meager Growth in Payrolls in today’s Employment Report

Return to blog homepage

Return to Mobile view (headlines)