The US economy added 160,000 jobs in April, the lowest figure in the last seven months. The adjusted U-3 unemployment rate remained steady at 5%. The Unadjusted U-3 fell to 4.7% while the Unadjusted U-6 fell to 9.3% from 9.9% last month.
The U.S. Bureau of Labor Statistics (BLS) released their employment data for February on Friday March 4th 2016. The commonly used seasonally adjusted U-3 Unemployment Rate was 4.9% identical to January. The BLS promotes the Seasonally Adjusted U-3 Unemployment Rate as the primary measure of unemployment. But often when we look at the adjusted Unemployment rate it is moving in the opposite direction as the unadjusted Unemployment rate.
In a recent issue of Outside the Box author John Mauldin told a story of life when he was growing up and how it created an opportunity for him to earn some extra money while he was going to college. But today things have changed so much that young people today don’t even understand what he is talking about.
With technology changing so rapidly, if you want a good job, it is critical that you keep up and so with that lets look at life in 1958 from John’s perspective. ~Tim McMahon, editor
Unemployment Rate Chart – The seasonally adjusted unemployment rate from 1948 to the present is one of the most watched statistics. Where is it now and should you trust it? Current U-6 Unemployment Rate– Many people consider the U-6 the “real” unemployment rate. See where it is now. Current Employment Data – How many jobs are there […]