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Chart of the Week: Augmented Unemployment Rate

Posted By Barry Ritholtz On January 12, 2004 @ 12:07 pm In Finance,Media | Comments Disabled

The Augmented Unemployment Rate reflects the discouraged, the underemployed, the part timers. It provides a more helpful macro view of employees as potential retail consumers.

Real Unemployment?
augmented.gif
Source: TheStreet.com [1]

According to this government statistic, the actual unemployment rate is closer to 9%. This may be a more accurate measure of labor than using new unemployment claims.

Random Items:
Complacency Is Making Contrarians Nervous [2]
boom, bust and ballplayers [3]
41 Months of Factory Layoffs [4]
Rupert’s World: Get ready for a fierce new media war [5]
The Silver Lining Economy [6]
The No-Bang, All-Whimper Recovery [7]

Quote of the Day:
“In all my years as a Fed watcher, I have never seen US central bankers take to the bully pulpit as they have in recent days. . . They smack of a carefully orchestrated campaign of economic cheerleading at a critical point in the US business cycle . . . While normally reticent monetary authorities are to be commended for taking a strong point of view, I fear they may live to regret this exuberance.
-Stephen Roach [8], Chief Economist and Director of Global Economic Analysis, Morgan Stanley


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2004/01/chart-of-the-week-augmented-unemployment-rate/

URLs in this post:

[1] TheStreet.com: http://www.thestreet.com/tsc/basics/tscglossary/augmentedunemploymentrate.html

[2] Complacency Is Making Contrarians Nervous: http://www.thestreet.com/funds/gregggreenberg/10134567.html

[3] boom, bust and ballplayers: http://sfgate.com/cgi-bin/article.cgi?f=/c/a/2004/01/11/CMG3S3SF2754.DTL

[4] 41 Months of Factory Layoffs: http://www.usatoday.com/money/economy/employment/2004-01-12-employment_x.htm

[5] Rupert’s World: Get ready for a fierce new media war: http://www.businessweek.com/magazine/content/04_03/b3866001_mz001.htm

[6] The Silver Lining Economy: http://www.investorsinsight.com/print_preview.asp?id=jm010904

[7] The No-Bang, All-Whimper Recovery: http://www.nytimes.com/2004/01/11/business/yourmoney/11watch.html

[8] Stephen Roach: http://www.morganstanley.com/GEFdata/digests/20040109-fri.html

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