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Underemployment Hits 15.6%

By Justin Gardner | Related entries in Economy, Jobs

The most accurate gauge of the employment picture (referred to as U6) is getting a lot worse…


One thing to take into consideration is that this graph does go back to 1995 so the fact that it’s going straight up like isn’t as scary as you’d think.

Still, it ain’t good.

This is due to many factors, but check out how Temporary Help Services employment has dropped by 27% in the past year…



By the way, according to those stats I pointed to in the very first link, unemployment is at 9.8% when seasonally adjusted and 10.3% when not seasonally adjusted. Also, the 15.6% underemployment number is seasonally adjusted, but it’s at 16.2% when not. I use the lower number because that’s what I see others using.

(h/t: The Big Picture, Econompic, Bruce Steinberg)


This entry was posted on Friday, April 3rd, 2009 and is filed under Economy, Jobs. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “Underemployment Hits 15.6%”

  1. Jim S Says:
    April 3rd, 2009 at 10:19 pm

    And as bad as these numbers are, remember that U6 does not include “discouraged workers”. Check out the alternative stats at shadowstats.com where his estimate of what used to be U7 now stands at barely under 20%.

  2. Justin Gardner - Political Pulse - Unemployment’s Hidden Numbers Reveal Even Weaker Economy - True/Slant Says:
    July 15th, 2009 at 3:54 pm

    [...] been talking about this for a while now, and it’s encouraging to see some dead trees taking up the [...]

  3. Donklephant » Blog Archive » Are We In A Depression? Says:
    August 25th, 2009 at 9:23 pm

    [...] Underemployment Hits 15.6% Quote Of The Day – Pitchforks [...]

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