Friday, July 3, 2009

June unemployment - 16.8%

The June unemployment numbers are out.The National rate is 9.5% up from 9.4% in June.

I question the validity of the "official" unemployment rate.Check out Table A-12,the Alternative Measure of Labor Underutilization on the Bureau of Labor Statistics website.

The U-6 measure is 16.8%.This incorporates several additional scenarios and may be more appropriate.More to come...

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