UNEMPLOYMENT-UNDEREMPLOYMENT RATE (U-6)

The unemployment-underemployment rate (U-6) dropped below 12% (11.8%) in September of 2014.*  The recent "all time high" was 17.2 in April of 2010 up from 17.1 the month before and the final three months of of 2009.

The recent "all time low" for U-6 was April 2006 at 8.1%.

(Click on the figure to enlarge)

Note that U-6 always seems to be more than double the unemployment rate.  In fact the two measures seem to be converging a bit to my eye.

That things are improving is inescapable though the U-6 may be still unacceptably high.

A report on September employment with lots of figures is at: http://www.dailykos.com/story/2014/10/03/1333484/-Government-reports-248-000-new-jobs-in-September-Revisions-for-July-and-August-add-69-000-more?detail=email. Note that

(Click on the figure to enlarge)

The August employment numbers were increased 142,000 to 180,000.  July numbers were increased from 212,00 to 243,000.

* http://www.cnbc.com/id/102055126?trknav=homestack:topnews:2