Time to Focus on the Real Unemployment Ratedoi:urn:uuid:c2cbfef023886310VgnVCM100000d7c1a8c0RCRDForget the official 8.2% jobless rate. The U6 rate, which tracks not only those out of work but those who've essentially given up looking for work, is at about 14.5%.Dunstan Prial...
U6 number (fully accounted-for unemployment) is 17%. BLS is about to make a revision in employment numbers in February because they made a big mistake in their “birth/death model.” Total household net worth was clearly a bubble in 2000 and 2007-8. Wealth increases, but debt remains. T...
(see Table 2-1). That growth closes the gap between actual and potential GDP by 2017. As a result of that stronger economic growth, the unemployment rate in CBO’s forecast falls from 8.0 percent in the fourth quarter of 2013 to 6.8 percent in the last quarter of 2015 and then ...
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