Unemployment/Addendum: Difference between revisions

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The unemployment rate is the number of people unemployed as a percentage of the labour force.
The unemployment rate is the number of people unemployed as a percentage of the labour force.
===The United States===
===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:
The United States Department of Labor publishes six "Measures of Labor Underutilization<ref>[http://www.bls.gov/osmr/pdf/ec090020.pdf, Steven E. Haugen:''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-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-2 Job losers and persons who completed temporary jobs, as a percent of the civilian labor force;

Revision as of 06:03, 15 August 2010

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This addendum is a continuation of the article Unemployment.

Definitions of unemployment

Europe

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

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.

Measurement methods

References