U6 unemployment which is the broadest definition came in at 6.7%. The lowest ever recorded. The labor market is showing continued strength. Fed watch is now projecting a .75% increase with a small possibility of a full 1% increase in fed rates.
Next Wednesday CPI numbers come out which lower commodity prices could easy inflation.
Total Unemployed, 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 Plus All Persons Marginally Attached to the Labor Force (U-6)
Leave a Reply