(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.
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}
{Nebraska Workforce Trends|October 2009}
by Abu Yahya July 15, 2010
Get the U-4mug. (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.
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.
by Abu Yahya July 17, 2010
Get the U-1mug. (ECONOMICS) the effective ratio whereby a country exchanges its goods with those of another country. Hence, a country that exports (say) mostly coffee and chocolate has to import almost everything else; if the price of chocolate and coffee declines, the country has no choice but to increase production of both, further reducing the price of both on world markets, and increasing the relative cost of everyhting it imports.
Terms of trade are determined notionally by the forex markets, but more fundamentally by (a) the markets for commodities, and (b) the ability of the country to finance transitions to other, higher-priced export goods.
Terms of trade are determined notionally by the forex markets, but more fundamentally by (a) the markets for commodities, and (b) the ability of the country to finance transitions to other, higher-priced export goods.
Terms of trade typically lead to very high real exchange rates for currencies like the Indian rupee.
by Abu Yahya May 18, 2010
Get the terms of trademug. (FINANCE) largest private equity fund manager in the world, by assets under management ($90.5 billion-2010). The Carlyle Group is actually a group of 67 funds which are, in turn, managed by a wholly private (i.e., non-listed, non-traded) limited liability company (LLC). In order to be a partner in the Carlyle Group, one needs to (a) have an enormous amount of money to invest for a very long time, and (b) have some peculiar connection of value to the existing partners.
About 69% of fund commitments by TC Group, LLC, are for buyouts; the profits--which are immense--come when it resells its portfolio. For example, it bought and restructured United Defense Industries in 1997, cashed out by '04, and made profits of about a billion on that particular deal. It has bought many defense firms and restructured them, while using its special connections to open doors for new categories of defense contracts.
One major investor is Prince Al-Walid bin Talal, who is also the owner of the largest block of shares in News Corp outside of the Murdoch family.
About 69% of fund commitments by TC Group, LLC, are for buyouts; the profits--which are immense--come when it resells its portfolio. For example, it bought and restructured United Defense Industries in 1997, cashed out by '04, and made profits of about a billion on that particular deal. It has bought many defense firms and restructured them, while using its special connections to open doors for new categories of defense contracts.
One major investor is Prince Al-Walid bin Talal, who is also the owner of the largest block of shares in News Corp outside of the Murdoch family.
The collection of influential characters who now work, have worked, or have invested in the Carlyle Group {include}... John Major, former British Prime Minister; Fidel Ramos, former Philippines President; Park Tae Joon, former South Korean Prime Minister; Saudi Prince Al-Walid bin Talal; Colin Powell; James Baker III; Caspar Weinberger; Richard Darman, former White House Budget Director; the billionaire George Soros, and even some bin Laden family members; Karl Otto Poehl, former Bundesbank president; the late Henri Martre, who was president of Aerospatiale; and Etienne Davignon, former president of the Belgian Generale Holding Company.
{"Carlyle Empire" by Eric Leser, Le Monde, April 29, 2004}
{"Carlyle Empire" by Eric Leser, Le Monde, April 29, 2004}
by Abu Yahya September 01, 2010
Get the Carlyle Groupmug. (FINANCE) the situation in which a derivatives trader with a short position is wrong about the behavior of the market. Having sold shares of stock he doesn't own, he is now compelled to buy them at a higher price than he sold them for (in order to reimburse whomever he borrowed the shares from).
If the short position was taken by writing naked options (i.e., issuing call options of stock the trader doesn't happen to have), then the trader has to buy shares of underlying stock in order to honor the options.
It's extremely expensive for traders to have to cover their shorts.
If the short position was taken by writing naked options (i.e., issuing call options of stock the trader doesn't happen to have), then the trader has to buy shares of underlying stock in order to honor the options.
It's extremely expensive for traders to have to cover their shorts.
The surprising stock rally came as a shock. Nicholas Leeson had been riding high, but now he was furiously covering shorts, and driving the share prices higher still. By closing bell, he was ruined.
by Abu Yahya May 05, 2010
Get the covering shortsmug. *noun*; series of programs enacted by the administration of Franklin D. Roosevelt (1933-1945) in response to the Great Depression. This definition refers to the New Deal in US history (as opposed to the current "New Deal" in Great Britain).
The main architects of the New Deal were Harry Hopkins, Henry A. Wallace, and Harold L. Ickes. The chief prigrams were:
--- The Works Progress Administration (WPA);
--- the Public Works Administration (PWA);
--- the Agricultural Adjustment Administration (AAA).
These were set up to address industrial and farming failures.
Other programs addressed a long-standing need:
--- the Civilian Conservation Corps (CCC);
--- the Tennessee Valley Authority (TVA), which introduced electrical power infrastructure to much of the impoverished rural South;
--- the Civil Works Administration (CWA), which supplied electrical power generation;
--- the Federal Depository Insurance Corporation (FDIC), which provides insurance for bank accounts;
--- the Securities Exchange Commission (SEC);
--- the Social Security Administration (SSA);
Legislation included:
--- the National Labor Relations Act (NLRA), or Wagner Act, which gave most workers the right to organize;
--- the National Industrial Recovery Act (NIRA), which was struck down in 1935 by the US Supreme Court;
--- the Fair Labor Standards Act (FLSA), which set basic working standards.
The New Deal's main impact was to establish basic protections for workers, consumers, and farmers. While some of these protections could have been better designed, they perform an indispensable function. In terms of actual fiscal policy, the New Deal was far too small to hasten the end of the Great Depression itself.
The main architects of the New Deal were Harry Hopkins, Henry A. Wallace, and Harold L. Ickes. The chief prigrams were:
--- The Works Progress Administration (WPA);
--- the Public Works Administration (PWA);
--- the Agricultural Adjustment Administration (AAA).
These were set up to address industrial and farming failures.
Other programs addressed a long-standing need:
--- the Civilian Conservation Corps (CCC);
--- the Tennessee Valley Authority (TVA), which introduced electrical power infrastructure to much of the impoverished rural South;
--- the Civil Works Administration (CWA), which supplied electrical power generation;
--- the Federal Depository Insurance Corporation (FDIC), which provides insurance for bank accounts;
--- the Securities Exchange Commission (SEC);
--- the Social Security Administration (SSA);
Legislation included:
--- the National Labor Relations Act (NLRA), or Wagner Act, which gave most workers the right to organize;
--- the National Industrial Recovery Act (NIRA), which was struck down in 1935 by the US Supreme Court;
--- the Fair Labor Standards Act (FLSA), which set basic working standards.
The New Deal's main impact was to establish basic protections for workers, consumers, and farmers. While some of these protections could have been better designed, they perform an indispensable function. In terms of actual fiscal policy, the New Deal was far too small to hasten the end of the Great Depression itself.
by Abu Yahya March 06, 2009
Get the New Dealmug. (FINANCE) originally, a bond rated as not investment grade by a credit rating agency (e.g., Standard & Poor, Ernst & Young, or Moody's).
Later, a bond was a financial instrument deliberately created to have absurdly high levels of risk (of default), which was then priced in and "hedged" by a fund manager. Junk bonds are routinely used to finance leveraged buyouts.
Later, a bond was a financial instrument deliberately created to have absurdly high levels of risk (of default), which was then priced in and "hedged" by a fund manager. Junk bonds are routinely used to finance leveraged buyouts.
Michael Milken was the junk bond innovator who figured out how to make them an effective investment vehicle. Yes, he later went to jail for securities law violations.
by Abu Yahya September 01, 2010
Get the junk bondmug.