Econo-meh: Unemployment remains at 7.6 percent; U-6 rate surges to 14.3 percent

Pethokoukis or it didn’t happen! Just because the BLS jobs report comes during Jim Pethokoukis’ vacation doesn’t mean we’ll miss out on his always indispensable coverage.

The unemployment rate remains at 7.6 percent. And while the headlines blare, “U.S. Economy Adds 195K Jobs,” AEI’s Pethokoukis digs deeper:

Wow, the U-6 rate (unemployed, discouraged, underemployed) surges to 14.3% from 13.8%

— James Pethokoukis (@JimPethokoukis) July 5, 2013

Obamacare? | Those employed part time for economic reasons increased by 322,000 to 8.2 million in June

— James Pethokoukis (@JimPethokoukis) July 5, 2013

11.1%: What the US jobless rate would be if labor force participation were back to pre-recession levels

— James Pethokoukis (@JimPethokoukis) July 5, 2013

But using Goldman Sachs estimates that subtract demographics, 9.1% rate is more in the ballpark

— James Pethokoukis (@JimPethokoukis) July 5, 2013

Among the marginally attached, there were 1.0 million discouraged
workers in June, an increase of 206,000 from a year earlier

— James Pethokoukis (@JimPethokoukis) July 5, 2013

Recovery Summer?

https://twitter.com/Neil_Irwin/status/353131199914442752

http://twitter.com/LilMissRightie/statuses/353131056553136128