Broader U-6 Unemployment Rate Rises to 16.9%

Filed under: Bad News, Economic Data, Headline News, Recession

The Labor Department issued its monthly unemployment for March. The numbers were upbeat. The unemployment rate held steady at 9.7% and 162,000 hew jobs were created. This is the official number and is labeled the U-3 unemployment report. The U-3 category includes people who are without jobs and who are available for work. Wonderful isn't it? Maybe not.

Let's dig a bit deeper into the darker side of the unemployment numbers. What is rarely published are the unemployment numbers under the category labeled U-6. Most people have never heard of the U-6 category because it is rarely cited in headline news.

Continue reading Broader U-6 Unemployment Rate Rises to 16.9%

Broader U-6 Unemployment Rate Rises to 16.9% originally appeared on BloggingStocks on Fri, 02 Apr 2010 16:30:00 EST. Please see our terms for use of feeds.

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