Job creation surges in June but U6 rate at 12.1%

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The U6 unemployment rate, which includes part-time workers who want better full-time jobs or folks who have given up, dropped only slightly to 12.1 percent. That’s still a historically high rate. And the labor-force participation rate was unchanged at 62.8 percent, a 30-year low.

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That remains true no matter how well the economy is doing. Even in 2000, when the official rate below the natural unemployment rate of 4.5%, the real rate was almost double, at 7.1%. In 2010, when the unemployment rate was its highest at 9.8%, the real rate was still almost double, at 16.7%.

Consequently, despite the latest draw in U.S. oil inventories, at 468.5 million barrels, current supplies remain 12.1% above the year-ago figure and 5% over the five-year average.

National Unemployment Rate at 3.7% Through June 2019. Approximately 224,000 jobs were created in June 2019, and the national unemployment rate remained little changed at 3.7%, according to the Bureau of Labor Statistics. Employment increased in professional and business services, health care, and transportation and warehousing.

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This decoupling of rates spurred recent debate of using the U-6 rate over the U-3 rate. The U-6 rate counts the people who have simply given up looking for a job, due to the poor state of the economy and those who have taken part-time work but would otherwise want to be employed full time.

U.S. blockbuster jobs growth casts large shadow on Canadian economy The U.S. data set the stage for Canada’s labour force survey results next week, although there may not be as much to cheer about

Job creation surges in June but U6 rate at 12.1%. Construction jobs remain stagnant, retail and fast food spike. July 3, 2014. Trey Garrison. The epicenter of this default plague is California, with the number of hotels in default jumping 125% during a two month period ending in June, according to. the average daily rate for a luxury. rate instead of the emergency facility.

California job growth will speed up in 2015, driven by a surge in the construction industry. But keep the party hats in the closet: The expansion will be slower than last year’s. So says a.

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