HUGE Improvement In "Marginally Attached" Workers Is A Great Sign For The labour Market

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That’s the internal, line-item from the BLS jobs report that’s frequently referred to as the “real unemployment rate” because it captures so-called discouraged workers who have simply stopped looking for a job.

It’s usually way above the headline unemployment report.

For example, last month unemployment was at 10% but U-6 was at 17.3%.

Well this time, it was not a red flag. It, too, fell big time sequentially to 16.5%.

Granted, the whole survey is a little bit confusing, becuase they’ve made some revisions, but for once, this is not a barking dog.

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