MSM reported unempolyment rate at 9.7%...

[Grizzums]

....but is that REALLY an accurate picture? How about the U6 rate?

"U-6 represents total unemployed, plus all marginally attached workers, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all marginally attached workers."

BLS Labor Force Statistics

So, on a seasonally adjusted basis, U6 has recently hit 16.8%...so much for short lived the June retracement.