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To: Wyatt's Torch

U6 includes the people who have given up?


36 posted on 07/31/2014 11:39:03 AM PDT by SoFloFreeper
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To: SoFloFreeper

Here is the definition of U6 - “Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force.

NOTE: Persons marginally attached to the labor force are those 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 past 12 months. Discouraged workers, a subset of the marginally attached, have given a job-market related reason for not currently looking for work. 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.”

U6 is the “broadest” unemployment stat available. Still has it’s flaws but it’s far better than the U3 headline number.


37 posted on 07/31/2014 12:15:00 PM PDT by Wyatt's Torch
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