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U-6 posts

Tell-Tale Stat: U.S. Underemployment Rate Rose to 17.1% in September

Posted Oct 11th 2010 4:00PM by Joseph Lazzaro (RSS feed)
Filed under: Forecasts, Economic Data

The tell-tale stat for investors in the September job report released by the U.S. Department of Labor? The underemployment rate, technically known as U-6, which increased to 17.1% from 16.7% in August.

U-6 measures those unemployed, and others working part-time who want full-time work but can't find it. A year ago, the underemployment rate was at 16.1%.

September's 17.1% underemployment rate translates into 14.8 million Americans unemployed, and another 7million to 8 million underemployed, to total about 22-23 million Americans that want full-time work who can't find it.

Continue reading Tell-Tale Stat: U.S. Underemployment Rate Rose to 17.1% in September

Broader U-6 Unemployment Rate Rises to 16.9%

Posted Apr 2nd 2010 4:30PM by Connie Madon (RSS feed)
Filed under: Bad News, Economic Data, Headline News, Recession

The Labor Department issued its monthly unemployment for March. The numbers were upbeat. The unemployment rate held steady at 9.7% and 162,000 hew jobs were created. This is the official number and is labeled the U-3 unemployment report. The U-3 category includes people who are without jobs and who are available for work. Wonderful isn't it? Maybe not.

Let's dig a bit deeper into the darker side of the unemployment numbers. What is rarely published are the unemployment numbers under the category labeled U-6. Most people have never heard of the U-6 category because it is rarely cited in headline news.

Continue reading Broader U-6 Unemployment Rate Rises to 16.9%

Congress moves closer to extending unemployment benefits

Posted Oct 28th 2009 6:00PM by Joseph Lazzaro (RSS feed)
Filed under: Employees, Politics, Recession

The U.S. Congress is moving closer to passing a bill that would extend unemployment benefits in all states by 14 weeks.

As of late Wednesday, the bill had paused in the Senate, as members offered various amendments, some of which are designed to limit the allocation. If passed, the bill would then have to be reconciled with a House bill passed a month ago that extends benefits by 13 weeks in high-unemployment states.

Continue reading Congress moves closer to extending unemployment benefits