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Response to DemocratSinceBirth (Original post)

Sun May 6, 2018, 04:05 PM

1. The same reason the headline (U3) UE rate has been bullshit for ages.

 

It is all one big con to placate the ignorant masses.

In 1994 the BLS changed the headline rate from U5 to U3.

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.

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).

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DemocratSinceBirth May 2018 OP
LineNew Reply The same reason the headline (U3) UE rate has been bullshit for ages.
Exotica May 2018 #1
D_Master81 May 2018 #2
DemocratSinceBirth May 2018 #3
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