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- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
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- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
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- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
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Looking Beyond the 4.5% 'Official Unemployment Rate'
The Bureau of Labor Statistics reported today a drop in the national unemployment rate to a healthy 4.5%. So why are are analysts saying the unemployment numbers, along with news of the air strike on Syria, are depressing stock market prices?
That's because, the official unemployment rate of 4.5%, referred to as the "U-3" rate and defined as "total employed, as a percent of the civilian labor force," is not what economists use as an indicator of the nation's economic health.
Instead, they use the "U-6" rate, defined as all unemployed (those included in the 'U-3' rate), "plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force." That statistic stands at 8.9%, which remains above the levels before the recession.
