Saturday, July 7, 2012

Broader Jobless Rate Ticks Up to 14.9%

From the WSJ.com:

The U.S. unemployment rate was unchanged at 8.2% in June but a broader measure rose to 14.9% as the ranks of the underemployed grew.

The jobless rate was unchanged even at the number of people who consider themselves employed jumped by 128,000...

Meanwhile, the broader unemployment rate, known as the “U-6″ for its data classification by the Labor Department, was up even higher in June. The U-6 figure includes everyone in the official rate plus “marginally attached workers” — those who are neither working nor looking for work, but say they want a job and have looked for work recently; and people who are employed part-time for economic reasons, meaning they want full-time work but took a part-time schedule instead because that’s all they could find....

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Link: http://blogs.wsj.com/economics/2012/07/06/broader-jobless-rate-ticks-up-to-14-9/

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