The number of long-term unemployed dropped in the last Labor Department jobs report, and this columnist for the New York Post thinks it's a very good thing.
There’s a number that shows the job market is improving.
No, it’s not the unemployment rate, which was a stellar 3.8 percent in May. It’s the U-6 number, concerning the long-term unemployed or underemployed.
With U-6 coming in at 7.6 percent, it signifies that help is finally on the way — things really are starting to look up on the job front.
Last month’s continuation of U-6 improvement is a very welcome sign that this economy has staying power.