Friday, February 6, 2009

Broad Level of Unemployment is at 13.9% in January, 2009

The U-6 unemployment rate for December 2008 was also released by the BLS today. This figure includes the unemployed plus all marginally attached workers plus people who are working part-time for economic reasons as a percentage of the civilian labor force---It is also seasonally adjusted.
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This chart essentially shows that when you include the underemployed, unemployed and discouraged work-force things are almost twice as bad as what they were 1 year ago.

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