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
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.