There’s a bug in the federal government formula for unemployment that is becoming more and more apparent as the current economic crisis continues. The fact is according to Washington, you are employed even if you don’t have a... [read full story]
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by: Mac Slavo November 08, 2009 | about: is anything but a green shoot. The broader and more comprehensive official unemployment number, the U-6, is at 17.5%. The U-6 counts all the people that want a job but gave up, all the...
Mac Slavo submits: Friday’s unemployment report from the Bureau of Labor and Statistics is anything but a green shoot. The official U-3 unemployment number is 10.2%. The broader and more comprehensive official unemployment...
This is now Obama’s economy. He owns the double-digit unemployment level, having bought it with the $787 billion stimulus plan that he promised would keep unemployment no higher than 8%. The actual total unemployed, plus all...
Yes, you read that right. Though we’ve basically known it for a while now, the US Department of Labor – Bureau of Labor Statistics has officially announced that the unemployment rate in the United States is now at 10.2%. What...
Even if you consider unemployment to be a lagging indicator of economic health, the latest monthly reports from the federal government should give one pause. Unemployment is actually at 17.5%. That's from the NYT, which gives...
It’s all about U6, my friends: For all the pain caused by the Great Recession, the job market still was not in as bad shape as it had been during the depths of the early 1980s recession — until now. With the release of the jobs...
Broader Measure of Unemployment Stands at 17.5% By DAVID LEONHARDT November 6, 2009 For all the pain caused by the Great Recession, the job market still was not in as bad shape as it had been during the depths of the early...
From David Leonhardt at the NY Times: Broader Measure of Unemployment Stands at 17.5% Excerpts: Officially, the Labor Department’s broad measure of unemployment goes back only to 1994. But early this year, with the help of...
The unemployment numbers are out--and we have the worst picture for jobs in quite a long time : For Americans who wake up each morning thinking about their job hunt, Friday’s unemployment report offered little reassurance that...
The U.S. jobless rate jumped up 0.4 percentage point to 10.2% in October, the highest level since April 1983. The governmentÂ’s broader measure of unemployment shot up even more, rising half a point to 17.5%. The comprehensive...
