the sharp increase in the unemployment rate during late September does not bode well for the economy during the fourth quarter, or for holiday sales.
In this regard, it is essential that the Federal Reserve and other policymakers not be misled by Friday’s jobs numbers. The jobs picture could be deteriorating more rapidly than the government’s job release suggests.
without seasonal adjustment...As a result, underemployment shows 18.8% in September .
http://www.gallup.com/poll/143426/Gallup-Finds-Unemployment-September.aspx
I’m glad to see an article talking about U6! That is closer to the real unemployment rate, but even this is understated. There are people out of work for so long no Bureau of Labor Statistics account for them.