headline unemployment

(ECONOMICS) Total unemployed, as a percent of the civilian labor force (official unemployment rate). Does not include discouraged workers. Also referred to as "U-3" by the US Bureau of Labor Statistics (BLS).

The BLS 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.

Given the way the government's headline unemployment rate is calculated, it can never reach 14%. This is because the civilian labor force includes only people who are working or have looked for a job in the previous four weeks. When the economy gets really bad (like now), unemployed workers get discouraged and give up looking for jobs. This causes the civilian labor force to decline as fast or faster than total employment.

{Louis Woodhill, "On Track for 14% Unemployment," RealClearMarkets (12 Jan 2010)}

by Abu Yahya July 19, 2010

The Unemployment Aisle

This is where you can do self check out in grocery stores and such.

I'm in such a hurry and I only have 3 things to buy. I'm just going to have to use the unemployment aisle!

by cher_cherbear January 5, 2017

Unemployment

There's more people angered by the job loss and threats of loss of unemployment benefits than there are people scared by the thought of losing everything. These weren't people that lost their jobs over performance or attendance at work, they lost their jobs for no reason other than a group of people made it their agenda to shut everything down.

Unemployment isn't scary, all the effort people put towards their jobs gets turned into bullshit by the same people who want everything shut down. The people who want everything shut down are as much the problem as everybody else.

by Solid Mantis November 22, 2020

Unemployment

There's more people angered by the job loss and threat of loss of unemployment benefits than there are people scared of the thought of losing everything. These are people that lost their jobs not over performance or attendance, but for no reason other than a group of people made it their agenda to shut everything down.

Unemployment isn't scary, neither is losing everything. It's all the effort people put towards working and saving being turned into bullshit by the same people who want everything shut down.

by Solid Mantis November 22, 2020

virtually unemployable

Is a virtual and real reality that you can't get employment for the following reasons.One,you don't have a legally provable resume that an employer would consider of value to shortlist because of huge year gaps in employment.Two,you don't have a high enough credit rating and score for an employer to consider you valuable enough to hire.Three,you don't have a social media profile that others would consider monetarily valuable enough to buy or acquire from you.Four,if you have complained enough to government or business about your employability woes and no one will go to bat for you to get yourself employed that is another sign.Five,you were not smart enough as a youth to make sure that you knew who and whom had access to your employment documentation when you sent it to companies without any conditions attached.That is always a sign that you are not in control of your career or careers in any manner.Sixth,when you have not been able to know who read your online employment documentation because you couldn't afford to spy on your employment documentation readers,that is another sign.

Bono in the Celtic Connection for November 2011 said that he was virtually unemployable without being in the U2 band,he meant that would not be employable outside of his band.

by B1j2p8b1 November 25, 2011

Unemployment

Unemployment isnt a comfortable life, even for people who get benefits. Theres something essential about having a steady job, theres a reason most people would rather work than be unemployed with benefits for an extended time, and many would rather go to work than work from home. Having a job gives a lot of people a sense of being a part of something outside their family, or what's at home, it's not something that can be replaced. Most of the people who are unemployed and getting benefits aren't living that way because it's what they wanted to do since they were kids, they live that way because the business they worked for shut down.

He/she wouldn't choose unemployment as a way of life, but it was his/her current circumstances.

by Solid Mantis May 29, 2020

Unemployment Rate

The difference between hiring graduate and students compared to hires experienced professionals and then mixing them together and kicking some out and hiring at random.

No one could believe there where so many unemployed experieced people with degrees, it must be the unemployment rate. But it could also be the morons prioritizing people without work degree hires for ones without who have more experience.

by Patrick the Starfish001 September 28, 2022