ajtj99's Market Pulse

[ajtj99]

Exagerrated? How could that possibly be? U-6 is at 13.5% as of last month. Orthodox unemployment is at 7.2% also. Birth/death rate is currently understating unemployment.

However, you could make a case that the statistics create the impression that 7.2% or 13.5% of the households are without a wage earner, which is not the case as it would have been in the 1930's due to the advent of the 2-income household.

It's likely U-6 extrapolated per household would be more like 8%-10% of households without a wage earner. That's still about 70% lower than the peak of the Great Depression, so you can see how the numbers can often times paint a different picture depending on how they're interpreted.