U-3 Total unemployed, as a percent of the civilian labor force (official unemployment rate)
1rudeboy: "Most annoying is to correct someone only to see them repeat the same falsehood later."
You shouldn't post falsehoods then!
Employed persons consist of:
Persons are classified as unemployed if they do not have a job, have actively looked for work in the prior 4 weeks, and are currently available for work.
Persons not in the labor force are those who are not classified as employed or unemployed during the survey reference week.
Millions of unemployed people have dropped dropped out of the workforce because they are no longer actively looking for work. With this extension of benefits millions of "unemployed, but not counted as unemployed" people will now begin to look for work. This will in fact, increase the total number of unemployed, which in turn will cause the U-3 number to rise!
Don't quote my dispositive source back at me, and claim it means something else. Seriously.