Unemployment Not Absolutely the Worst Ever!

This morning’s new job numbers: what do they mean?

• The “u6” — that is, you nerds know, unemployed people plus “marginally attached” employed people plus people unwillingly employed part-time (as opposed to full-time) — is only 16.2%! Just like it was in August. Just like it was in June. Still, a year ago, it was 17%.

• There is a very, very slight trending uptick in men and young people getting jobs.

• Above: the seasonally adjusted unemployment rate for the last ten years, for all people 16 and older.