The comprehensive unemployment rate which is referred to as U6 and
includes part time workers that want full time jobs and discouraged
workers that have stopped looking but will take a job if offered, rose
to 15.8% from 15.6% and 9.2% in April 2008.

Category: MacroNotes

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 “U6”

  1. Bruce in Tn says:

    By the way…note how rapidly employment returned in the 40′s and 50′s…and note how slow it has been lately…

  2. constantnormal says:

    Bruce — from your first chart reference (as well as any data presented to date) it is improper to speak of employment “returning”, as it has yet to turn upward. Thus far, the most optimistic presentations of the decline have only shown a lessening of the rate of decline, not any sort of reversal.

    The current drop in employment could continue for an unknown time, to unknown depths. Green shoots be damned.

    At some point it will bottom out, but whether that is this summer (unlikely, with the automakers shutting down for the summer) or next remains to be seen.

  3. Bruce in Tn says:

    Agreed…I meant last couple of recessions…I think unemployment goes up the rest of the year….