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u6 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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u6 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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u6 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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u6 unemployment rate: And you wonder why Americans aren't buying homes? - 02/06/09 06:29 PM
The Bureau of Labor Statistics announced the January unemployment and it wasn't pretty, and no I'm not talking about the 7.6% unemployment rate that you see the media reporting about, I'm talking about the 13.9% unemployment rate that nobody wants to acknowledge.
This is the rate that accounts for people that are unemployed, are not looking for work, but have in the past and still want a job. It also accounts for discouraged workers who gave a job market reason for not looking for a job currently. And finally, those that are employed part time but want full time work. … (3 comments)
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Mark MacKenzie
Phoenix,
AZ
More about me…
Mark MacKenzie Real Estate Planning
Office Phone: (480) 600-0330
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