Monday, June 08, 2009

HOW BAD IS THE LABOR MARKET?

And when you add up U-3 and all the underutilized workers the official U-6 rate for May 2009 is 16.4%. That’s an official BLS-generated stat that no one really wants to talk about: One out of every six members of the civilian labor force is either out of work or not fully employed. (And that doesn’t even account for the rising ranks of workers coping with furloughs.)

"UNEMPLOYMENT NUMBERS ARE WORSE THAN YOU THINK" ANother look at BLS data.

CAVEAT EMPTOR

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