Broader U-6 Jobless Rate up to 16.7%: Why the Jump? - Real Time Economics - WSJ: "The U.S. jobless rate rose to 9.6% in August, but the government’s broader measure of unemployment rose even more to 16.7%, the highest rate since April.
The comprehensive gauge of labor underutilization, known as the “U-6″ for its data classification by the Labor Department, accounts for people who have stopped looking for work or who can’t find full-time jobs.
Both rates increased despite a rise of 290,000 in the number of people who are employed. The number of unemployed people in the U.S. also rose, but by a smaller amount — 261,000. The unemployment rates moved up as more unemployed people moved back into the labor force to look for jobs. More than half a million people re-entered the job market last month, as the overall labor force rose 550,000."
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