BLS

Why the U6 Underemployment Rate Is Misunderstood

Bob Johnson of Morningstar comments on the ‘other’ BLS unemployment number: the more comprehensive U6 Unemployment Rate. Johnson suggests that the U6 number is nowhere near the level it would have reached during the Great Depression. The figure is hard to use as a metric having only bee

The Many Faces of Unemployment

Last Friday we got word that the employment picture in the U.S. improved substantially over the month of November. According to the Labor Department, the nation shed 11,000 jobs, a mere fraction of the 130,000 economists were expecting. The news came as a shock to many. In fact, president Obama repo