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Shauk · 06-07-2009, 09:39 PM

Most nations use what is referred to as a U-6 standard. America used to follow this standard. in 1982, we changed our reporting to a U-3 standard.

Generally speaking, the unemployment rate is measured by measuring the total "labor force" (able-bodied persons over the age of 18 and under the age of 65), then dividing this number by the total number of "unemployed persons" (people within the category of "labor force" who are not employed in any way).

however, bureaucrats and statisticians being who they are, they feel the need to monkey with this system.

Jobless rates are measured globally by U1 through U6 standardization.

U-1 Persons unemployed 15 weeks or longer, as a percent of the civilian labor force

U-2 Job losers and persons who completed temporary jobs, as a percent of the civilian labor force

U-3 Total unemployed, as a percent of the civilian labor force (official unemployment rate)

U-4 Total unemployed plus discouraged workers, as a percent of the civilian labor force plus discouraged workers

U-5 Total unemployed, plus discouraged workers, plus all other marginally attached workers, as a percent of the civilian labor force plus all marginally attached workers

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 workers

Unemployment - Wikipedia, the free encyclopedia

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most of the rest of the civilized world uses a U-6 standard for reporting the unemployment rate.

the USA still measures U-6 data, it just tends to downplay the reporting.

U-6 measures people who work for Labor Ready and are "technically" employed .. but they have to go stand in line for an actual job and an actual paycheck on Monday, and if they don't get a job they don't get a paycheck .. U-6 measures these people as "unemployed". the USA does not count these people who sometimes go for 3, 4, 5, 6 weeks without working but technically in the Labor Ready payroll system ... as "not unemployed"

U-6 measures people who's UI benefits have run out but are still out of work, as unemployed. the USA standard for reporting, lists these people ... as "not unemployed".

according to U-6 standardization, the "actual" unemployment rate in the USA (total able bodied adults out of work, regardless of whether or not they're currently collecting UI benefits - plus all people who have a job but its got shitty pay and/or its got shitty hours and they used to earn considerably more money and their bills are way more than their paycheck) ....... is 16.4%

16.4% of Americans are currently out of work.

Table A-12. Alternative measures of labor underutilization

<-- 3 months on the search, and counting.

06-07-2009, 09:39 PM	#1 (permalink)
Shauk Confused Adult Location: Spokane, WA	How unemployed are we, really? Most nations use what is referred to as a U-6 standard. America used to follow this standard. in 1982, we changed our reporting to a U-3 standard. Generally speaking, the unemployment rate is measured by measuring the total "labor force" (able-bodied persons over the age of 18 and under the age of 65), then dividing this number by the total number of "unemployed persons" (people within the category of "labor force" who are not employed in any way). however, bureaucrats and statisticians being who they are, they feel the need to monkey with this system. Jobless rates are measured globally by U1 through U6 standardization. U-1 Persons unemployed 15 weeks or longer, as a percent of the civilian labor force U-2 Job losers and persons who completed temporary jobs, as a percent of the civilian labor force U-3 Total unemployed, as a percent of the civilian labor force (official unemployment rate) U-4 Total unemployed plus discouraged workers, as a percent of the civilian labor force plus discouraged workers U-5 Total unemployed, plus discouraged workers, plus all other marginally attached workers, as a percent of the civilian labor force plus all marginally attached workers 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 workers Unemployment - Wikipedia, the free encyclopedia *** most of the rest of the civilized world uses a U-6 standard for reporting the unemployment rate. the USA still measures U-6 data, it just tends to downplay the reporting. U-6 measures people who work for Labor Ready and are "technically" employed .. but they have to go stand in line for an actual job and an actual paycheck on Monday, and if they don't get a job they don't get a paycheck .. U-6 measures these people as "unemployed". the USA does not count these people who sometimes go for 3, 4, 5, 6 weeks without working but technically in the Labor Ready payroll system ... as "not unemployed" U-6 measures people who's UI benefits have run out but are still out of work, as unemployed. the USA standard for reporting, lists these people ... as "not unemployed". according to U-6 standardization, the "actual" unemployment rate in the USA (total able bodied adults out of work, regardless of whether or not they're currently collecting UI benefits - plus all people who have a job but its got shitty pay and/or its got shitty hours and they used to earn considerably more money and their bills are way more than their paycheck) ....... is 16.4% 16.4% of Americans are currently out of work. Table A-12. Alternative measures of labor underutilization <-- 3 months on the search, and counting.