Under employed
The Underemployment Rate Significance is UndervaluedPosted by Darin Manis on Oct 05, 2009 |
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The official unemployment rate is now at the highest it’s been in 26 years at 9.7% (and seems to be closing in on 10% fast). The good news? The pace of job losses slowed just a little bit. So little however that I am finding few optimists that believe unemployment will begin to turnaround until mid 2010.
Unfortunately the official unemployment rate only tells part of the story. There are actually two unemployment rates: The official unemployment rate (U3) and the true unemployment rate (U6) also known as the underemployment rate.
