Effective unemployment rate

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The unemployment rate announced by United States Department of Labor does not include those too discouraged to look for work any longer or those part-time workers that are working fewer hours than they would like. By adding these two groups to the unemployment rate, the rate becomes effective unemployment rate.

The Bureau of Labor Statistics in the United States keeps an alternative unemployment rate indicator similar to the effective unemployment rate called U6.[1]

See also[edit]

References[edit]

  1. ^ John E. Bregger and Steven E. Haugen (1995). "BLS introduces new range of alternative unemployment measures" Monthly Labor Review, October: p. 24. [1], U.S. Department of Labor, Bureau of Labor Statistics, retrieved March 6, 2009.