Comments on: Inside the job numbers http://rc3.org/2009/04/04/inside-the-job-numbers/ Rafe Colburn on software development (and other topics) Mon, 21 May 2012 23:52:43 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: keithl http://rc3.org/2009/04/04/inside-the-job-numbers/comment-page-1/#comment-5144 keithl Sat, 04 Apr 2009 15:30:55 +0000 http://rc3.org/?p=9372#comment-5144 <p>This is also troubling (via andrewsullivan.com)</p> <p>The unemployment rate is now 8.5%, which is very bad, and is up sharply from 5.1% a year ago. But just check out U6, the broad measure of underemployement: people who want to get more work than they’ve got, but can’t find it. A year ago — three months into the recession — it stood at 9.3%. Today, it’s risen all the way to 16.2% — an increase of 6.9 percentage points — and no one thinks it’s peaked yet. There are now 9 million “involuntary part-time workers” in America, and rising; these people are, as a rule, spending as little as they possibly can.</p> This is also troubling (via andrewsullivan.com)

The unemployment rate is now 8.5%, which is very bad, and is up sharply from 5.1% a year ago. But just check out U6, the broad measure of underemployement: people who want to get more work than they’ve got, but can’t find it. A year ago — three months into the recession — it stood at 9.3%. Today, it’s risen all the way to 16.2% — an increase of 6.9 percentage points — and no one thinks it’s peaked yet. There are now 9 million “involuntary part-time workers” in America, and rising; these people are, as a rule, spending as little as they possibly can.

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