Obama says Unemployment Rate now 8.8%. Gallup says it’s 10%, U6 Unemployment Rate is 19.3%
Underemployment (the U6 rate) still at 19.3%
Underemployment (the U6 rate) combines part-time workers wanting full-time work with those who are unemployed.
The jobs report was decent — 216,000 new jobs created March. But is this really a sugar high, soon to be followed by a crash? All this debt is bound to buy us something, but at what price?
Here’s the chart on the national debt:
If the U.S. economy creates jobs every month at this pace, the unemployment rate will probably drop below 8% by Election Day, 2012.
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