In today's release of the unemployment rate, there really isn't much positive data contained in the report. The unemployment rate remains at 9.1% with the non-farm payroll report showing no increase versus expectations of +75,000 increase. The broader measure of labor force utilization is known as the U-6. This measure shows the unemployment/underemployment rate increased to 16.2%. The U-6 measure is one that captures marginally attached workers which are individuals not looking for work although they would like a job and those that are employed in part time positions although they prefer full time employment.
|From The Blog of HORAN Capital Advisors|