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Thread: Current U-6 Unemployment Rate is 11.3%

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    Current U-6 Unemployment Rate is 11.3%

    Current U-6 Unemployment Rate
    October 3, 2014 by Tim McMahon Leave a Comment
    Current U-6 Unemployment Rate is 11.3% BLS and 15.1% Gallup
    Current U-6 Unemployment Rate:

    For September 2014 the official U-6 unemployment rate fell from 12.0% to 11.3%. But the independently produced Gallup equivalent called the “Underemployment Rate” disagrees and is at 15.1% flat at 15.1% since July. So the differential between Gallup and BLS on supposedly the same data is 3.8%.
    What is U-6?

    U-6 is a broader measure of unemployment including discouraged workers and many consider U-6 to be”the Real Unemployment Rate” See: What is U-6 Unemployment? for the full definition of U-6 Unemployment.

    (Chart too large to copy/paste here, see at link.)

    As you can see from the chart below, the unadjusted U-6 unemployment rate was 15.2% in December 2011, 13.9% in November 2012 and it rose to 14.4% in December 2012. Previously, it bottomed at 14.1% in April 2012 but by July it bounced up again to 15.2% and in October the U-6 fell back to 13.9% just in time for the election. But by January 2013 it was back to 15.4%. By May it had fallen down to 13.4% but rose again in June to 14.6% before declining to 13.6% in August since then it bounced around the 13% level for a while before dropping to 11.8%.
    Comparing U3 to U6

    If you look at the chart below carefully you will see that the current U-3 unemployment rate is 6.5% which is significantly above the U-3 rate from 2006-2008. The current U-3 rate is almost equal to the U-6 unemployment rate during the 1999 -2001 period when U-6 bottomed at 6.3%.

    You may also notice that when unemployment rises the gap between U-3 and U-6 also rises. For instance, in October 2000, unemployment was at the lowest levels on this chart with U-3 at 3.6% and U-6 was at 6.3%. For a difference of only 2.7%. But at the peak of unemployment in January 2010 U-3 was at 10.6% but U-6 shot all the way up to 18% for a difference of 7.4%. The following chart is a comparison of the Official Unemployment Rate U-3 to the broader U-6 Unemployment rate. We can see that U-6 is always higher than the often quoted U-3 “Unemployment Rate”.
    Current U-6 Unemployment Rate | UnemploymentData.com


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    Re: Current U-6 Unemployment Rate is 11.3%

    The same spiel every month. The U-6, which is not an unemployment rate, but a measure of underutilization, has declined by 6 percent since the end of the Recession and has mirrored the decline in the official rate to a nearly perfect degree. Those who latch onto this figure to the exclusion of all others do so for strictly political purposes.

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    Re: Current U-6 Unemployment Rate is 11.3%

    U-6 are on the outside looking in, while those on the "in" are used to calculate unemployment....

    It's ****ing deception and I'm absolutely amazed how people buy such nonsense - considering their reality contradicts this "job growth" or "jobs added" nonsense.

    Oh an who the hell knows if these people being employed are even US citizens - they could be in sourced for all I know or are here on temporary work visas writing computer code (programs) among other things......

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    Re: Current U-6 Unemployment Rate is 11.3%

    Quote Originally Posted by Mr.Nick View Post
    U-6 are on the outside looking in, while those on the "in" are used to calculate unemployment....
    Not quite, no. The U-6 number includes millions who are currently employed, hence why it's not an unemployment rate at all.

    It's ****ing deception and I'm absolutely amazed how people buy such nonsense - considering their reality contradicts this "job growth" or "jobs added" non[/B]sense.
    It's deception if you don't actually take 5 minutes to read up on how the numbers are calculated. Too tall a task for a lot of folks here.

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    Re: Current U-6 Unemployment Rate is 11.3%

    Quote Originally Posted by a351 View Post
    The same spiel every month. The U-6, which is not an unemployment rate, but a measure of underutilization, has declined by 6 percent since the end of the Recession and has mirrored the decline in the official rate to a nearly perfect degree. Those who latch onto this figure to the exclusion of all others do so for strictly political purposes.
    What a crock - it's growing exponentially- especially kids coming to working age that cant find a job, and even those who take any job they can for cash under the table..

    This is the worst US economic disaster I have experienced or ever read about...

    But yeah keep on defending these clowns in government that think they know whats best for everyone.

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    Re: Current U-6 Unemployment Rate is 11.3%

    Quote Originally Posted by Mr.Nick View Post
    What a crock - it's growing exponentially- especially kids coming to working age that cant find a job, and even those who take any job they can for cash under the table..
    Objectively false. The U-6 has declined by 1.5 percent in the past year and 6 percent in the past 4 and change: Table A-15. Alternative measures of labor underutilization

    5 minutes with the material that you're claiming to know could clear up all this confusion.

    This is the worst US economic disaster I have experienced or ever read about...
    Funny stuff right there. Maybe you should add a US History book to your reading list.

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    Re: Current U-6 Unemployment Rate is 11.3%

    Quote Originally Posted by a351 View Post
    Not quite, no. The U-6 number includes millions who are currently employed, hence why it's not an unemployment rate at all.



    It's deception if you don't actually take 5 minutes to read up on how the numbers are calculated. Too tall a task for a lot of folks here.
    Yes they're in a void where they don't even count - so why even bother taking a census on these "unemployed" since the government shuns them..... And these asshats call themselves "liberals" hahaha...... A real liberal would care, a real libertarian would care, however a progressive wouldn't bat an eye to the problem - nor offer up a solution...

    You know why this is??? because it's clear the government is trying to emulate the former USSR, North Korea or other nations that have an elitist class, an obedient class and then a class of peasants is established they're nothing more than cannon fodder the government wants those "peasants" to be loyal to the government and rely on them for welfare or to put food on their table - with a price of course.

    Yeah, history does repeat itself....

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    Re: Current U-6 Unemployment Rate is 11.3%

    Quote Originally Posted by Mr.Nick View Post
    Yes they're in a void where they don't even count - so why even bother taking a census on these "unemployed" since the government shuns them..... And these asshats call themselves "liberals" hahaha...... A real liberal would care, a real libertarian would care, however a progressive wouldn't bat an eye to the problem - nor offer up a solution...

    You know why this is??? because it's clear the government is trying to emulate the former USSR, North Korea or other nations that have an elitist class, an obedient class and then a class of peasants is established they're nothing more than cannon fodder the government wants those "peasants" to be loyal to the government and rely on them for welfare or to put food on their table - with a price of course.

    Yeah, history does repeat itself....
    Just more top shelf Mr Nick analysis. If those dummies in Washington were like you we would be T̶o̶t̶a̶l̶l̶y̶ ̶F̶u̶c̶k̶e̶d̶ a lot better off!

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    Re: Current U-6 Unemployment Rate is 11.3%

    Quote Originally Posted by a351 View Post
    Objectively false. The U-6 has declined by 1.5 percent in the past year and 6 percent in the past 4 and change: Table A-15. Alternative measures of labor underutilization

    5 minutes with the material that you're claiming to know could clear up all this confusion.



    Funny stuff right there. Maybe you should add a US History book to your reading list.
    I don't give a **** what fudged numbers you spew - I see reality and reality trumps your fudged numbers... When I see closed stores left and right and mini-malls that are only 20% capacity with the only stores being corporate stores and all the small mom and pop stores gone - yea that is reality - your numbers are useless to me.

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    Re: Current U-6 Unemployment Rate is 11.3%

    Quote Originally Posted by Mr.Nick View Post
    I don't give a **** what fudged numbers you spew - I see reality and reality trumps your fudged numbers... When I see closed stores left and right and mini-malls that are only 20% capacity with the only stores being corporate stores and all the small mom and pop stores gone - yea that is reality - your numbers are useless to me.
    Well there's your problem. The bureau tends to collect data that represents the experience of the country as a whole, not Mr Nick-ville. Either way, your claim that it has skyrocketed is utterly and objectively wrong. Misinformation and Mr Nick. The new PB & J.

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