Tell-Tale Stat: U.S. Underemployment Rate Rose to 17.1% in September

Filed under: Forecasts, Economic Data

The tell-tale stat for investors in the September job report released by the U.S. Department of Labor? The underemployment rate, technically known as U-6, which increased to 17.1% from 16.7% in August.



U-6 measures those unemployed, and others working part-time who want full-time work but can't find it. A year ago, the underemployment rate was at 16.1%.



September's 17.1% underemployment rate translates into 14.8 million Americans unemployed, and another 7million to 8 million underemployed, to total about 22-23 million Americans that want full-time work who can't find it.

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Tell-Tale Stat: U.S. Underemployment Rate Rose to 17.1% in September originally appeared on BloggingStocks on Mon, 11 Oct 2010 16:00:00 EST. Please see our terms for use of feeds.

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