The Bureau of Labor Statistics published the July Employment/Unemployment numbers on August 5th .
- The seasonally adjusted U-3 (the commonly quoted unemployment rate) was unchanged at 4.9%.
- BLS’ Unadjusted U-3 was also unchanged at 5.1%.
- BLS’ Unadjusted U-6 increased 0.2% to 10.1%
- Gallup’s unadjusted U-3 fell from 5.4% to join the BLS’ 5.1%.
- Gallup’s U-6 fell from 13.4% to 12.7% to remain 2.6% higher than the BLS’ U-6.
Meanwhile, MSN’s CNBC decided to enter the fray and help “clarify” the confusing employment situation with an article entitled “Now that you know the official jobs number, here’s the real unemployment rate”. Unfortunately, this article may do more to confuse than to clarify.
In the article author Nicholas Wells delves into the possibility that the U-3 is not as important as the U-6… which [Read more…] about MSN Picks Up Our Theme of “The Real Unemployment Rate”