Originally Posted By: ronnierocketAGO
Nitti, Olivant -

Quote:
[A]s you can see in this chart, the u6 almost always perfectly tracks the conventional (u3) unemployment measure. It’s dropped from a high of 17.4%, at the height of the recession in 2009, and, like the u3, it also declined this month from last month’s 15.2%. So, as you would expect during a slow, sluggish, but continued recovery, it just keeps going down, just like the typical unemployment rate.



http://www.csmonitor.com/Business/Paper-Economy/2012/0203/Unemployment-rate-drops-to-8.3-percent



thanks for posting this up, i was going to respond and talk about all six measures (u1-u6) of unemployment but its been a crazy few days


Tommy Shots: They want me running the family, don't they know I have a young wife?
Sal Vitale: (laughs) Tommy, jump in, the water's fine.