U-6 Underemloyment Rate Drops To GWBush Lows of 7.9%, U-3 Lowest Since 2001 (But Wage Growth Declines)

This is a syndicated repost courtesy of Snake Hole Lounge. To view original, click here. Reposted with permission.

Another jobs Friday and this one has some good news: The U-6 Underemployment Rate* fell to 7.9% in October. The last time the US hit this low level was under President George W Bush in December 2006 before all hell broke look in the housing market.u6back

The U-3 unemployment rate is now at the lowest level since early GW Bush (2001).


Unfortunately, average hourly earnings YoY tumbled to 2.4% YoY.





*U-6 underemployment rate equals the total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force.

Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I am a contractor for Money Map Press, publisher of Money Morning, Sure Money, and other information products. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. In some cases I receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.