Broader Unemployment Rate Hits 16.8% in August

Broader Unemployment Rate Hits 16.8% in August

Job losses moderated in August, but the unemployment rate ticked up 0.3 percentage point to 9.7%, the highest level since June 1983. But another more comprehensive gauge of unemployment ticked up even more. The government’s broader measure, known as the “U-6″ for its data classification,…

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