Not Enough Work to Go Around This Labor Day

As regular readers of The Ticker know, we like to hammer on the official U.S. unemployment rate versus the unofficial rate, which we believe to be a truer picture of joblessness in this country.

This morning, the Labor Department said the official number climbed from 9.4 percent in July to 9.7 percent in August.

But the unofficial number jumped from 16.3 percent to 16.8 percent. FULL STORY