Tuesday, May 19, 2009

Did you know that the unemployment rate is 8.9%?

Here is an interesting bit from the Pew Research Center. Survey participants were asked what was the unemployment rate and level of the Dow in March.

Perhaps the 18% of survey participants that quoted a 16% unemployment rate were thinking of the U-6 measure of unemployment, which hit 15.6% in March. The U-6 measure is the broadest measure of unemployment that includes total unemployed from the household survey plus marginally attached workers plus part-time workers (for economic reasons).

Rebecca Wilder

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