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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (382319)5/3/2008 12:39:55 PM
From: bentway  Respond to of 1575622
 
Those clever Bushies!

They reclassified a large number of part-time workers from "part-time for economic reasons" to "part-time for non-economic reasons". It results in a 1 for 1 increase in both the labor force and the number of employed. Hence there's a lowering of the unemployment rate.

bls.gov

The alternate measure of unemployment U-6 includes the people working part-time for "economic reasons".

U-6 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

bls.gov