Quotes and Snippets - People and Places of Note, Comments, and Historical Facts

January 25, 2017
     Dow Jones Industrial Average ( DJIA ) Close - 20075.55 Up 162.84
     Nasdaq Stock Market Close - 5657.13 Up 56.17
     S&P 500 Close - 2299.21 Up 19.14


January 20, 2017

     Inauguration Day 2017

     • Gas $2.09
     • National average $2.32
     • Dow 19,819
     • NASDAQ 5560.7
     • Unemployment 4.7%
     • Labor Participation Rate 62.6%*
     • Median Family Income 55K
     • Current Military Conflicts: Afghanistan, Iraq, Syria, Yemen*
     • National Debt: 19.9 Trillion
     • National Budget Deficit: $591.2 Billion
     • Federal Spending: $3.9 Trillion

Unemployment Note:  The 4.7% figure above is the U-3 figure as reported by the Bureau of Labor Statistics.  There has been considerable criticism from the Right for the past eight years that this number dramatically under reports the "real" unemployment in the United States, and that the U-6 figures should be the standard for reporting.

HOUSEHOLD DATA
Table A-15. Alternative measures of labor underutilization [Percent]
Measure
Not seasonally adjusted
Seasonally adjusted

Dec.
Nov.
Dec.
Dec.
Aug.
Sept.
Oct.
Nov.
Dec.

2015
2016
2016
2015
2016
2016
2016
2016
2016
U-1 Persons unemployed 15 weeks or longer, as a percent of the civilian labor force
2.1
1.8
1.9
2.1
1.9
2
2
1.8
1.9
U-2 Job losers and persons who completed temporary jobs, as a percent of the civilian labor force
2.4
2.1
2.3
2.4
2.4
2.5
2.3
2.2
2.3
U-3 Total unemployed, as a percent of the civilian labor force (official unemployment rate)
4.8
4.4
4.5
5
4.9
4.9
4.8
4.6
4.7
U-4 Total unemployed plus discouraged workers, as a percent of the civilian labor force plus discouraged workers
5.2
4.8
4.8
5.4
5.3
5.3
5.1
5
5
U-5 Total unemployed, plus discouraged workers, plus all other persons marginally attached to the labor force, as a percent of the civilian labor force plus all persons marginally attached to the labor force
5.9
5.6
5.5
6.1
5.9
6
5.9
5.8
5.7
U-6 Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force
9.8
9
9.1
9.9
9.7
9.7
9.5
9.3
9.2
NOTE: Persons marginally attached to the labor force are those who currently are neither working nor looking for work but indicate that they want and are available for a job and have looked for work sometime in the past 12 months. Discouraged workers, a subset of the marginally attached, have given a job-market related reason for not currently looking for work. Persons employed part time for economic reasons are those who want and are available for full-time work but have had to settle for a part-time schedule. Updated population controls are introduced annually with the release of January data.