Unemployment/Addendum

From Citizendium
< Unemployment
Revision as of 06:03, 15 August 2010 by imported>Nick Gardner (→‎The United States)
Jump to navigation Jump to search
This article is developing and not approved.
Main Article
Discussion
Related Articles  [?]
Bibliography  [?]
External Links  [?]
Citable Version  [?]
Addendum [?]
 
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