Top Definition
(ECONOMICS) Persons unemployed 15 weeks or longer, as a percent of the civilian labor force.

The US Bureau of Labor Statistics regularly publishes six estimates of unemployment. The others are U-2, U-3, U-4, U-5, and U-6. Eurostat publishes one monthly estimate of unemployment for the European Union, which is approximately midway between U-3 and U-4.

The unemployment statistics for the USA are collected through a monthly Current Population Survey (CPS) (also known as the household survey) and an establishment survey.
Analysts use U-1 as a measure of the proportion of people that can no longer replace employment earnings with unemployment insurance or savings.
#u-2 #u-3 #u-4 #u-5 #u-6 #unemployment #poverty level #self-sufficiency standard #economic crisis #recession #job growth
by Abu Yahya July 16, 2010
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