EPISODE · Jul 7, 2010 · 1H 9M
Labour Force Underutilisation U-6
from The Numbersman Show · host Numbersman
The U.S. jobless rate dropped 0.2 percentage point to 9.5% in June, the lowest level since July, but the government’s broader measure of unemployment only ticked down 0.1 point to 16.5%.The comprehensive gauge of labour underutilization, known as the “U-6? for its data classification by the Labor Department, accounts for people who have stopped looking for work or who can’t find full-time jobs.BP's costs arising from the devastating oil spill in the Gulf of Mexico have rocketed to $US3.12 billion .
What this episode covers
The U.S. jobless rate dropped 0.2 percentage point to 9.5% in June, the lowest level since July, but the government’s broader measure of unemployment only ticked down 0.1 point to 16.5%.The comprehensive gauge of labour underutilization, known as the “U-6? for its data classification by the Labor Department, accounts for people who have stopped looking for work or who can’t find full-time jobs.BP's costs arising from the devastating oil spill in the Gulf of Mexico have rocketed to $US3.12 billion .
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Labour Force Underutilisation U-6
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