Welcome to the Vitus Capital Blog!
Notes to myself, possibly of interest to others.
-- Bill Northlich

Monday, March 30, 2009

Yow. Bad Unemployment.

The official unemployment rate is 8.1%. However, if you start counting all the people that want a job but gave up, all the people with part-time jobs that want a full-time job, all the people who dropped off the unemployment rolls because their unemployment benefits ran out, etc., you get a closer picture of what the unemployment rate is. ... [so] a far better approximation is 14.8%. Many economists expect the "official" number to hit 10%.

U3 = reported
U6 = all in (above)

--- Mish Shedlock, 3.27.09

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