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Unemployment -- a real recovery but proceeding slowly [ClearOnMoney]
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Commentary

Unemployment -- a real recovery but proceeding slowly

9 Mar 2012 by Jim Fickett.

Both the main unemployment rate, U3, and the broader unemployment rate, U6, are coming down slowly. But note how much higher they still are than in the aftermath of the 2001 recession:

Initial unemployment claims have finally come down to levels significantly below those of the last “jobless recovery”. That is one to celebrate!

Those who want full-time work but can only find part-time work remain far more numerous that in the previous cycle, though the number does appear to be slowly coming down.

These indicators suggest a continuing real recovery, but one that grinds on only slowly.