* U1: Percentage of labour force unemployed 15 weeks or longer.
* U2: Percentage of labour 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.[2]
* 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). ------------ Ask the media to report the U4 -U6 numbers
hey..
next time its cold outside say to a liberal global warming is a fraud and tell you? “weather is not the climate””.. well.. hey libs.. One event does not make a trend, especially when you fudge the numbers.
This phraseology drives me crazy
They are assuming people just stop looking for work - and what? Sit at home and spin gold cloth for groceries and mortgage payments?
They are placing a psychological descriptive guess on a statistic...argh.