Gimp, here's the story"
The number of working people who are working part time increased by 600,000 workers in one month! From 8.0M to 8.6M. I have stressed repeatedly that in this household poll(survey) working one hour qualifies one as "employed", as opposed to "unemployed". The part-timers who want full-time work are relegated to being revealed in U-6.
U-6 is still sitting at 14.7%. That's the true measure - and it didn't change at all.
Good luck finding media that will talk about the U-6 figure.
Again, the explanation is part-time workers who tell the Census Bureau interviewer they want full-time employment.
This is why I did not want Romney to talk about the 43 consecutive 8%+ months during the debate. He avoided it until his two-minute closing statement, when I cringed.
We now know why Obama was so unconcerned about his debate performance.
This post was edited on 10/5 at 7:55 am