Data show a job market that’s slowing, or at least pausing
Two numbers in the Labor Department’s jobs report Friday seem to indicate the job market might be slowing down a bit, or at least hitting the pause button. First, what it calls the U-6 unemployment rate: It measures total unemployment, including discouraged and underemployed workers. It rose 0.2 percent to 7.6 percent. Second, within that U-6 […]
Two numbers in the Labor Department’s jobs report Friday seem to indicate the job market might be slowing down a bit, or at least hitting the pause button. First, what it calls the U-6 unemployment rate: It measures total unemployment, including discouraged and underemployed workers. It rose 0.2 percent to 7.6 percent. Second, within that U-6 figure, the number of people working part time because they can’t find full-time work climbed as well. What’s it all mean?
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