Friday, March 06, 2009

"Unemployment"? Look at U-6

There are several measures of "Unemployment" reported by BLS.

The one which tells the REAL story is U-6.

Get the children out of the room and away from the screen:

U-6... is now 16%, up 0.6% from last month.

But at least the rate-of-gain on U-6 is slowing.

HT: Denninger

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