U-6 rate is 15.2%

Discussion in 'Economy' started by Wiseacre, Jan 8, 2012.

  1. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    If the size of the U.S. labor force was as large as it was when Barack Obama took office, the unemployment rate would be 10.9 percent. But since so many people have gotten discouraged and stopped looking for work– and thus disappeared by government statisticians — the jobless number has been artificially depressed. A better gauge of the jobs picture is the broader U-6 rate, which includes part-timers who would rather have full-time jobs. It stands at a whopping 15.2 percent.

    And then there's this: for most of the 2000s the labor participation rate was approx 66%. If that was the case today, the UE rate would be 11.4%. Okay, back to the lib/dem circle jerk.
     
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  2. kiwiman127
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    kiwiman127 Comfortably Moderate Supporting Member

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    All true, compare the Labor Force Particiation Rate of the 1990's with the 2000's and today.
    It's really sad that the 2000's look good with today's seconomy when in fact the 1990's look mighty sweet.
     
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  3. mudwhistle
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    mudwhistle Diamond Member

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    You mean "Suckonomy".:cool:
     
  4. kiwiman127
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    kiwiman127 Comfortably Moderate Supporting Member

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    Naaa, that was a typo, :doubt: , I went back and fixed it but your on the mark with your comment!
    :eusa_clap:
     
  5. Faun
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    Faun Messiah

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    At 15.2%, it's 1 point higher than it was when Obama took over. That's after 12.6 million fell victim to underemployment during the course of the recession.

    As far as the labor participation rate dropping, that is being impacted greatly by baby boomers leaving the workforce as they began hitting the age of retirement back in January of 2008.
     

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