Real estate blog entries tagged with june job losses by Mark MacKenzie Real Estate Planning

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Home : Blogs : Mark MacKenzie : The Blog of Author Mark MacKenzie: It's The Housing Market, Stupid! : Tag "june job losses"

june job losses: The "Real" Unemployment Rate Rises To 16.5% - 07/02/09 08:46 AM

The Bureau of Labor Statistics announced today that the U-6 unemployment rate rose to 16.5% as a result of 467,000 jobs being lost in June. The number of June job losses breaks a trend of four consecutive months of job loss declines. The advertised unemployment rate rose to 9.5%.
The U-6 unemployment rate includes three types of workers that are not part of the more publicized U-3 unemployment number:
1.) Marginally attached workers - people that want a full time job, have looked for one in the past, but are no longer looking for work.
2.) Discouraged workers - those that have given a job … (6 comments)

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