Friday, May 3, 2013

WSJ: Broader Unemployment Rate Ticks Up

The unemployment rate dropped for all the right reasons in April, but a broader rate that includes underemployed and discouraged workers rose, underlining concerns about the types of jobs being created.

...an area of concern in the report as a broader rate, known as the “U-6″ for its data classification by the Labor Department, increased to 13.9% from 13.8% a month earlier. That 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/2013/05/03/broader-unemployment-rate-ticks-up-2/

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