Friday, November 07, 2008


The headline unemployment number, U3, grew from 6.1 to 6.5% in October.

The broader number, U6, grew from 11.0 to 11.8%.

There's no "right" number; they measure different things. But in addition to high and increasing unemployment, we have high and increasing underemployed and people who've just given up on finding a job.

One year ago, U6 was at 7.9%.