Some mildly encouraging news after months of 600K+ job loss.
Still, the unemployment rate is now at 9.4%, but underemployment almost has to be at 16% this month since it was 15.6% last month.
Underemployment is the number of people who are out of work plus those who are working part time but want full time jobs.
So it’s a much better measure of the actual employment situation.
Here’s more detail from NY Times :
Economists were...
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