Unemployment/Addendum: Difference between revisions

Revision as of 04:59, 15 August 2010

An unemployed person is defined by Eurostat, according to the guidelines of the International Labour Organization, as:

someone aged 15 to 74 (in Italy, Spain, the United Kingdom, Iceland, Norway: 16 to 74 years);
without work during the reference week;
available to start work within the next two weeks (or has already found a job to start within the next three months);
actively having sought employment at some time during the last four weeks.

The unemployment rate is the number of people unemployed as a percentage of the labour force.

The United States Department of Labor publishes six "Measures of Labor Underutilization^[1]" defined as:

U-1 Persons unemployed 15 weeks or longer, as a percent of the civilian labor force;
U-2 Job losers and persons who completed temporary jobs, as a percent of the civilian labor force;
U-3 Total unemployed, as a percent of the civilian labor force (official unemployment rate);
U-4 Total unemployed plus discouraged workers, as a percent of the civilian labor force plus discouraged workers;
U-5 Total unemployed, plus discouraged workers, plus all other marginally attached workers, as a percent of the civilian labor force plus all marginally attached workers;
U-6 Total unemployed, plus discouraged workers, plus all marginally attached workers, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all marginally attached workers.

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 The unemployment rate is the number of people unemployed as a percentage of the labour force.
 ===The United States===
+The United States Department of Labor publishes six "Measures of Labor Underutilization<ref>[http://www.bls.gov/osmr/pdf/ec090020.pdf, ''Measures of Labor Underutilization from the Current Population Survey'', U.S. Bureau of Labor Statistics, March 2009]</ref>" defined as:
+* U-1 Persons unemployed 15 weeks or longer, as a percent of the civilian labor force;
+* U-2 Job losers and persons who completed temporary jobs, as a percent of the civilian labor force;
+* U-3 Total unemployed, as a percent of the civilian labor force (official unemployment rate);
+* U-4 Total unemployed plus discouraged workers, as a percent of the civilian labor force plus discouraged workers;
+* U-5 Total unemployed, plus discouraged workers, plus all other marginally attached workers, as a percent of the civilian labor force plus all marginally attached workers;
+* U-6 Total unemployed, plus discouraged workers, plus all marginally attached workers, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all marginally attached workers.
 ==Measurement methods==