July U6 Measure of Unemployment: 16.3%

Along with Friday's readings of 247,000 jobs lost in July (far less than expected), and the slight movement downward in the official unemployment rate to 9.4% from 9.5%, the Bureau of Labor statistics also released the less publicized U5 and U6 readings, which attempt to flesh out the woefully incomplete (the official figure doesn't include so-called "discouraged workers," who aren't actively looking for jobs, etc) official number, by taking into account various categories of underemployment (part-time workers looking for full-time work, etc.).  U5 came in at 10.7% and U6 at 16.3%.  It should be mentioned that both these figures represent improvements upon June's readings of 10.8% and 16.5%, respectively.  Here's a link to the BLS numbers, which also provides short summaries of the different measures.