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To: pabianice

The Bureau of Labor Statistics also calculates six alternate measures of unemployment, U1 through U6, that measure different aspects of unemployment:[41]
U1:[42] Percentage of labor force unemployed 15 weeks or longer.
U2: Percentage of labor force who lost jobs or completed temporary work.
U3: Official unemployment rate per the ILO definition occurs when people are without jobs and they have actively looked for work within the past four weeks.[1]
U4: U3 + “discouraged workers”, or those who have stopped looking for work because current economic conditions make them believe that no work is available for them.
U5: U4 + other “marginally attached workers”, or “loosely attached workers”, or those who “would like” and are able to work, but have not looked for work recently.
U6: U5 + Part-time workers who want to work full-time, but cannot due to economic reasons (underemployment).
http://en.wikipedia.org/wiki/Unemployment

REAL UNEMPLOYMENT RATE: 22.5% (Jan 2012)
http://www.wnd.com/2012/02/real-unemployment-rate-22-5/

Marginal Job Growth in September
Friday, 05 October 2012 00:00
Last Updated on Friday, 05 October 2012 11:36
http://www.nojobsurvivor.com/No-Job-News/unemployment-situation-u3-u6-rates.html

UPDATED October 5, 2012 The economy created a mediocre number of jobs in August. Although the U3 unemployment rate declined to 7.8%, the U6 unemployment rate remained at 14.7%. If the pace of job growth is maintained, unemployment rates won’t return to pre-recession levels until after 2016! Previous months job growth were also revised downwards.

The number of unemployed remained static in August the government reported today. The U-3 unemployment edged down to 7.8% in August. The U-6 unemployment rate was flat at 14.7%. The US economy added 114,000 jobslast month. Total U-3 Unemployment decreased by 456,000 to 12.1 million persons.

The change in total nonfarm payroll employment for July was revised from +141,000 to +181,000, and the change for August was revised from +96,000 to +142,000.

Click here for a larger graph of unemployment rates.

Long term unemployment, defined to be 27 weeks or more out of work was little changed at 4.8 million, or 40.1% of unemployed(U3) people. The median number of weeks of unemployment rose to 18.5 weeks.


6 posted on 10/05/2012 1:51:50 PM PDT by Jack Hydrazine (It's the end of the world as we know it and I feel fine!)
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To: Jack Hydrazine

We might ask: “How many Obama donors work at the Bureau of Labor Statistics?”

Easy to fiddle with the assumptions and get whatever % you want.

TC


12 posted on 10/05/2012 2:07:44 PM PDT by Pentagon Leatherneck
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To: Jack Hydrazine

good post. thank you for that


36 posted on 10/05/2012 4:05:40 PM PDT by Scotswife
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