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Tilted Cat Head
Administrator
Location: Manhattan, NY
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martian, he's talking about U-6 which is also a BLS statistic, it just isn't the on that gets the press. That number his 17.6% in December of last year.
Table A-12. Alternative measures of labor underutilization
Quote:
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..
NOTE: Marginally attached workers are persons who currently are neither working nor looking for work but indicate that they want and
are available for a job and have looked for work sometime in the recent past. Discouraged workers, a subset of the marginally attached,
have given a job-market related reason for not looking currently for a job. Persons employed part time for economic reasons are those
who want and are available for full-time work but have had to settle for a part-time schedule. For more information, see "BLS intro-
duces new range of alternative unemployment measures," in the October 1995 issue of the Monthly Labor Review. Updated population con-
trols are introduced annually with the release of January data.
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Last edited by Cynthetiq; 01-21-2010 at 10:01 AM..
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