We had previously discussed the Augmented Unemployment Rate back on January 10, 2004. (I’ve been meaning to update it, but its not the type of stat that moves markets).

Now, 2 months later, we see an actual improvement in this number, at +8.5%. This is down almost a percentage point from the 9.3 percent reading in January. I would expect to see an furtherimprovement still in April when it gets released.

Improvement:
augmented_march.gif
Source: TheStreet.com

Some people don’t think highly of the Augmented Unemployment Rate; At least not lately. These critics were not holding court on the subject back in 2000 (although unemployment was hardly the election issue then it is today, so its not a fair comparo).

Regardless, any improvement in the overall employment situation is welcome.

More on this later . . .

Sources:
Gloomsters, Ship Sinking, Hold on for Dear Life
Caroline Baum
Bloomberg, Nov. 14, 2003

http://quote.bloomberg.com/apps/news?pid=10000039&cid=baum&sid=aOeKXad1eX1Y

The Street.com
Economic Calendar: March 1-5

http://www.thestreet.com/markets/databank/10145820.html

Category: Finance

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

4 Responses to “Augmented Unemployment Rate revisited”

  1. anne says:

    Interesting, but there are all sorts of adjustment problems with this data. We can hope the direction of movement at least is telling.

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