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

.

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.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.