Friday, July 5, 2013

Unemployed, Discouraged, Underemployed Rate Jumps to 14.3%, Highest Since February

    While the Bureau of Labor Statistics jobs report released this morning showed unemployment unchanged at 7.6 precent, the broadest measure of unemployment, the U-6 rate (seasonally adjusted), jumped from 13.8% to 14.3%, its highest level since February 2013.

    The U-6 rate includes "all persons marginally attached to the labor force, plus total employed part time for economic reasons," including discouraged and underemployed workers, as well as the unemployed.  The rate is only a half-point lower than the 14.8% rate a year ago in June 2012.

Note: A version of this article appeared first at The Weekly Standard.

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