u3 unemployment rate: 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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u3 unemployment rate: The "Real" Unemployment Rate Hits 15.8% - 05/11/09 05:40 PM
According to the consistently inaccurate Labor Department, the "real" or U-6 unemployment rate hit 15.8% in April.
The reason I say "consistently inaccurate" is because for the past six months the Labor Department has underestimated the number of monthly job losses by an average of over 15% per month, only to at a later date revise the number higher once no one is paying attention.
The real 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 … (32 comments)
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u3 unemployment rate: The "Real" Unemployment Rate Jumps To 15.6% - 04/04/09 10:48 AM
While all of the media points to an 8.5% unemployment rate in March according to the U-3 labor report data from the Bureau of Labor Statistics, the number you won't hear anybody talking about is the U-6 unemployment number which jumped from 14.8% to 15.6%.
The U-6 unemployment number includes three types of workers that are overlooked by the U-3 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 market reason for not looking for … (46 comments)
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