| 1. | U-5 | ||
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(ECONOMICS) Total unemployed, plus discouraged workers, plus all other persons marginally attached to the labor force, as a percent of the civilian labor force plus all persons marginally attached to the labor force. This includes workers who are not counted as "discouraged workers" for minor technical reasons. Therefore, if one wants to cite the percentage of discouraged unemployed, the true figure is U-5, not U-4. The US Bureau of Labor Statistics regularly publishes six estimates of unemployment. The others are U-1, U-2, U-3, U-4, 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. For economists, U-5 and U-6 can help provide some insight into labor market movements. In particular, the spread between U-5 and U-6 can show how quickly businesses are returning to normality after a recession, because it offers a way to gauge changes in the number of hours worked as well as in the number of workers hired.
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| 2. | U-4 | ||
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(ECONOMICS) Total unemployed plus discouraged workers, as a percent of the civilian labor force plus discouraged workers. The US Bureau of Labor Statistics regularly publishes six estimates of unemployment. The others are U-1, U-2, U-3, 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. U-4 includes all individuals that are unemployed as well as people known as discouraged workers. These people are then reported as a percentage of the combined civilian labor force and discouraged workers. Discouraged workers are defined as unemployed workers who have searched for employment within the last 12 months that have cited an economic reason for no longer looking for work. These reasons could range from “There just aren’t any job openings in my area.” to “I keep getting turned down for interviews, so why bother?”
{Nebraska Workforce Trends|October 2009} |
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| 3. | U-6 | ||
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(ECONOMICS) Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force. Put another way, U-6 = U-3 (headline unemployment) + discouraged workers + part-time workers in need of full-time jobs. The US Bureau of Labor Statistics regularly publishes six estimates of unemployment. The others are U-1, U-2, U-3, U-4, and U-5. 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. U-6 is often referred to as "real unemployment" because it attempts to measure the total number of people who would like to have more work than they do have. Some have argued that U-6 is closer to historic measures of unemployment than U-3 is (we didn't have either during the Great Depression).
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| 4. | U-2 | ||
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(ECONOMICS) Job losers and persons who completed temporary jobs, as a percent of the civilian labor force. The US Bureau of Labor Statistics regularly publishes six estimates of unemployment. The others are U-1, 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. As a measure of unemployment, U-2 focuses on workers who must abruptly deal with the loss of income after having lost their job or recently finished temporary employment. It is nearly always more than U-1, but there are occasional exceptions.
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| 5. | U-1 | ||
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(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.
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| 6. | U-3 | ||
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(ECONOMICS) Total unemployed, as a percent of the civilian labor force (official unemployment rate). Does not include discouraged workers. Also referred to as "headline unemployment" because it is the statistic reported in the news. The US Bureau of Labor Statistics regularly publishes six estimates of unemployment. The others are U-1, 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. U-3 is the official unemployment rate in the USA; it excludes passive jobseekers (people who are just looking for available job openings without applying). Passive jobseekers are counted as part of the labor force in Europe, but not in the USA. Prior to the 2008 economic crisis, this caused unemployment rates in the USA to be about 1% lower than they would have been if the BLS had used European methods of estimating.
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| 7. | U-Can-2 | ||
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1. -The act of believing your innocent.
2. -Able to add insignificant conversation to any thread. 3. -A new state of Alcoholism. 4. -The ability to ruin ones sexlife. 5. -Charming in a funny kinda way, but not really. "U-can-2 get bad SoupAss after a day of drinking"
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