Submit a Story!
Votes
vote down flag
nytimes.com - 18 days ago
Broader Measure of Unemployment Stands at 17.5%
—
For all the pain caused by the Great Recession, the job market still was not in as bad shape as it had been during the depths of the early 1980s recession — until now. With the release of the jobs report on Friday, the broadest measure of unemployment and underemployment tracked by the Labor ...
nytimes.com - 18 days ago
Broader Measure of U.S. Unemployment Stands at 17.5%
— nytimes.com — For all the pain caused by the Great Recession, the job market still was not in as... bad shape as it had been during the depths of the early 1980s recession — until now. (more) Broader Measure of U.S. Unemployment Stands at 17.5%
Comments vote down Instapundit found this 18 days agofound this

Blog Reactions

Calculated Risk:  NY Times: Unemployment Measure U-6 Highest Since Great Depression

MyDD:  The U-6

Below The Beltway:  Broadest Measure Of Unemployment At Highest Level Since Great Depression

More
Comments
Blog Reactions

NY Times: Unemployment Measure U-6 Highest Since Great Depression
Calculated Risk — From David Leonhardt at the NY Times: Broader Measure of Unemployment Stands at 17.5% Excerpts: Officially, the Labor Department’s broad measure of unemployment goes back only to 1994. But early this year, with the help of economists at the department, The New York Times created a version that estimates it going back to 1970. ... If statistics went back so far, the measure would almost certainly be at its highest level since the Great Depression. In all, more than one out of every six workers — 17.5 percent — were unemployed or underemployed in ...

The U-6
MyDD — ... number that I prefer to use as the real unemployment number. This reflects those individuals who can no longer find work in their chosen careers and have instead been forced back to school or to take lower paying jobs in the service sector. The lack of manufacturing jobs and a collapse in even high-paying white collar sectors such as finance and legal services poses a particular worry for the US economy and ultimately for the Administration. David Leonhardt of the New York Times has some more color on our serious underemployment problem. Here are some of ...

Broadest Measure Of Unemployment At Highest Level Since Great Depression
Below The Beltway — It’s all about U6, my friends: For all the pain caused by the Great Recession, the job market still was not in as bad shape as it had been during the depths of the early 1980s recession — until now. With the release of the jobs report on Friday, the broadest measure of unemployment and underemployment tracked by the Labor Department has reached its highest level in decades. If statistics went back so far, the measure would almost certainly be at its highest level since the Great Depression. In all, more than one out of every six workers ...

Hugh Hewitt: Creating Real Jobs: QuantumSphere and the Challenge of 2010
Hugh Hewitt's TownHall Blog — As Congress shrugs off the stunning level of unemployment and busies itself with the next step in the job-destroying takeover of American medicine, it will do everyone a great bit of good --especially Members of Congress and their staffs-- to spend three minutes this weekend watching this video. QuantumSphere is seven years old, founded and operated by a University of California Irvine grad in Santa Ana, one of the country's most impoverished cities, with capital he raised for himself. He employs 21 people in the invention and production of advanced materials and process chemistry used in a wide variety of ...

Unemployment Rate Shows Worrisome Trend
A Blog For All — ... Even if you consider unemployment to be a lagging indicator of economic health, the latest monthly reports from the federal government should give one pause. Unemployment is actually at 17.5% . That's from the NYT, which gives it top billing. The shine is off the Administration's stimulus efforts because it shows that many people have given up their job hunting and who are underemployed: With the release of the jobs report on Friday, the broadest measure of unemployment and underemployment tracked by the Labor Department has reached its highest level in decades. If statistics ...

Since The Great Depression
Rook's Rant — ... (NYT) With the release of the jobs report on Friday, the broadest measure of unemployment and underemployment tracked by the Labor Department has reached its highest level in decades. If statistics went back so far, the measure would almost certainly be at its highest level since ...

Saturday Word: Fort Hood and Health Care
The Caucus — ... on Speaker Nancy Pelosi’s attempts to ensure both that more liberal priorities are in the House health care plan and that more vulnerable Democrats are in a better position to be reelected. Job Market: The Times’s David Leonhardt reports that, while much attention was paid to the official jobless rate of 10.2 percent, 17.5 percent of the work force were either unemployed or underemployed in October. “If statistics went back so far, the measure would almost certainly be at its highest level since the Great Depression ,” Mr. Leonhardt writes. V for … : About 14 million ...

U.S. Undermployment Hits 17.5 Percent
Truthdig: Drilling Beneath the Headlines — ... be at its highest level since the Great Depression. In all, more than one out of every six workers — 17.5 percent — were unemployed or underemployed in October. The previous recorded high was 17.1 percent, in December 1982. This includes the officially unemployed, who have looked for work in the last four weeks. It also includes discouraged workers, who have looked in the past year, as well as millions of part-time workers who want to be working full time. Read more READ THE WHOLE ITEM ...

Unemployed and underemployed hits 17.5%
AMERICAblog News| A great nation deserves the truth — It's probably the worst jobs market since the Great Depression. The Obama administration continues to buy into the Geithner/Summers/Wall Street view of the world which puts Wall Street above everyone else at the expense of everyone else. Americans are generous people who grudgingly accepted the bailout to prevent an even worse economic failure but enough is enough. The greed and the acceptance of that greed - regardless of words - by the White House is wearing thin as Americans wait for the upside to the bailout. All pain and no gain can only be tolerated for so long. ...

uggabugga — This may explain why reporting the recession is lacking the gloom-and-doom tone of prevous recessions: NYTimes: (emp add) One of the more striking aspects of the Great Recession is that most of its impact has fallen on a relatively narrow group of workers. This is evident primarily in two ways. First, the number of people who have experienced any unemployment is surprisingly low, given the severity of the recession. The pace of layoffs has increased, but the peak layoff rate this year was the same as it was during the 2001 recession, ...

links for 2009-11-08
J. Bradford DeLong's Grasping Reality with All Eight Tentacles — ... David Leonhardt: Broader Measure of Unemployment (U-6) Stands at 17.5% Paul Krugman: Reagan! Reagan! Reagan! ha. I see that some commenters insist that I ...

Summary and a Look Ahead
Calculated Risk — ... Filings Reach New Highs, Up 28 Percent Over Last Year This graph shows the non-business bankruptcy filings by quarter. The quarterly rate is at about the same level as prior to when the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) took effect. There were over 2 million bankruptcies filed in Calendar 2005 ahead of the law change. And on the employment report: From David Leonhardt at the NY Times: Broader Measure of Unemployment Stands at 17.5% Employment Report: 190K Jobs Lost, ...

Time for Democrats to Put Up or Shut Up
Open Left - Front Page — ... My basic point was pretty simple: If there was a message from the 2009 election, it is that Americans are really pissed off - as they should be when collusion between Washington and Wall Street result in an economic meltdown with unemployment at Great Depression levels. ...

NPR Christmas Commercials
Corrente — ... it....It's very, very thin....there's some very interesting design things going on...It all sounds good so far. But the downside is that it starts at $1799." And a new video game starring Mickey Mouse [Block] "Disney is going to be a using a video game to help reinvent, re-imagine one of its most beloved characters. The game is called Epic Mickey. What can you tell us about it?" Fortunately Americans now have some way-cool crap to spend those unemployment benefits on . Are we feeling stimulated yet? I see the product placements continue this morning (Tuesday) with ...

Massive Variations in Unemployment Rates -- By: Veronique de Rugy
The Corner on National Review Online — The New York Times has a very interesting chart that shows to what extent not everyone in America has been hit the same by the economic crisis. According to the newspaper, white women ages 25 to 44 with a college degree have the lowest unemployment rate, 3.6 percent, while black men ages 15 to 24 without a high-school degree have a 48.8 percent unemployment rate. Check it out here. Also, look at this piece that states that a broader measure of unemployment stands at 17.5 percent rather than 10.2 percent. ...

William Astore: One Grizzled Veteran's Dream
Politics on HuffingtonPost.com — ... Many of course enlist for patriotic reasons as well. Yet the ease of expanding our military ranks during a shooting war is also a painful reminder of the impoverishment of opportunities for young, able-bodied Americans - the bitter fruit of manufacturing jobs sent overseas, of farming jobs eliminated by our own version of corporate collectivization, of a real national unemployment rate that is approaching twenty percent. ...

The Conservative Tsunami: It’s Coming
Pat Dollard | Young Americans — ... With the release of the jobs report on Friday, the broadest measure of unemployment and underemployment tracked by the Labor Department has reached its highest level in decades. If statistics went back so far, the measure would almost certainly be at its highest level since the Great Depression. ...

I'll Be Sitting In
Open Left - Front Page — ... "Moderate*" Senate Democrats are threatening to let the country default on the debt unless a commission is set up to cut Social Security and Medicare. (The reason Social Security is a "problem" is that, starting with Reagan, the huge surplus from the Social Security payroll tax was used to give tax cuts to the rich.  Now the boomers are getting ready to retire and are going to need to get their retirement money back. That IS a problem.) 3) Unemployment passed 10% but the real rate is 17.5%, and taxpayer-bailed Wall Street has a $140 billion bonus pool ...

Related: broader measure of unemployment stands at 17
NEW YORK TIMES: Broader Measure of Unemployment Stands at 17.5%…. — Instapundit
NEW YORK TIMES: Broader Measure of Unemployment Stands at 17.5%.
Broader Measure of Unemployment Stands at 17.5% — Democratic Underground Latest Breaking News
Source: [b]New York Times[/b] By DAVID LEONHARDT For all the pain caused by the Great Recession, the job market still was not in as bad shape as it had been during the depths of the early 1980s recession — until now. With the release of the jobs report on Friday, the broadest ...