Table A-12. Alternative measures of labor underutilization
U-6 Total unemployed, plus all marginally attached
workers, plus total employed part time for
economic reasons, as a percent of the civilian
labor force plus all marginally attached workers…
May 2009 16.4 %
NOTE: Marginally attached workers are persons who currently are neither working nor looking for work but indicate that they want and
are available for a job and have looked for work sometime in the recent past. Discouraged workers, a subset of the marginally attached,
have given a job-market related reason for not looking currently for a job. Persons employed part time for economic reasons are those
who want and are available for full-time work but have had to settle for a part-time schedule. For more information, see “BLS
introduces new range of alternative unemployment measures,” in the October 1995 issue of the Monthly Labor Review. Updated population
controls are introduced annually with the release of January data.
The unemployment figures have always been skewered (sic). Seldom has there ever been an accounting for unemplyed who were not longer drawing benefits. That is the basis, mostly, for the figures–how many were drawing benefits or actively seeking jobs. Part-time workers have been included only in recent years.
Besides which, I only know what CNN tells me…which ain’t so much…
Paul Volcker, a Democrat[5]](Paul Volcker - Wikipedia), was appointed Chairman of the Federal Reserve in August 1979 by President Jimmy Carter and reappointed in 1983 by President Ronald Reagan.[6]](Paul Volcker - Wikipedia)
Volcker’s Fed is widely credited with ending the United States’ stagflation crisis of the 1970s. Inflation, which peaked at 13.5% in 1981, was successfully lowered to 3.2% by 1983.
Borrow now at cheap rates and invest in hard assets (businesses, raw land, gold bullion). Dollar will be worthless in 2 years and you can use the scrap paper to pay back the loan. Don’t get caught saving toilet paper (dollars).