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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Elroy Jetson who wrote (132111)3/15/2017 2:38:34 PM
From: bart13  Read Replies (2) | Respond to of 217711
 
The U-7 unemployment rate, which used to include all "discouraged" workers (instead of just the last 6 or 12 months worth) was discontinued by Clinton in 1994.

Both John Williams and I have reconstructed and publish it. Mine is running about 20%, his about 23%.

"Essentially, all models are wrong, but some models are useful."
-- George E.P. Box (Professor Emeritus of Statistics at the University of Wisconsin)

U-1 Persons unemployed 15 weeks or longer as a percent of the civilian labor force. 
U-2 Job losers as a percent of the civilian labor force.
U-3 Unemployed persons 25 years and over as a percent of the civilian labor force 25 years and over .
U-4 Unemployed full-time jobseekers as a percent of the full-time labor force.
U-5 Total unemployed as a percent of the civilian labor force (official measure) .
U-6 Total full-time jobseekers plus half part-time jobseekers plus half total on
part time for economic reasons, as a percent of the civilian labor force less
half of the part-time labor force .
U-7 Total full-time jobseekers plus half part-time jobseekers plus half total
on part time for economic reasons plus discouraged workers, as a percent of the
civilian labor force plus discouraged workers less half of the parttime labor
force.

MONTHLY LABOR REVIEW August 1982 bls.gov


Many More Are Jobless Than Are Unemployed