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Measuring Unemployment

Measuring Unemployment. U.S. Employment Picture 1999 and 2009. Definitions. Employed: Those who worked in the week prior to the household survey, or those temporarily away from their job for vacations, illness, etc. Unemployed:

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Measuring Unemployment

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  1. Measuring Unemployment

  2. U.S. Employment Picture 1999 and 2009

  3. Definitions Employed: Those who worked in the week prior to the household survey, or those temporarily away from their job for vacations, illness, etc. Unemployed: Those that did not work in the previous week but had actively sought employment during the past four weeks.

  4. Civilian Labor Force Civilian Labor Force: = Employed + Unemployed LF1999 = 133,591,000 + 5,838,000 = 139,429,000 LF2009 = 139,649,000 + 14,928,000 = 154,577,000

  5. The Unemployment Rate The formula for the unemployment rate (U) is:

  6. Calculating the Unemployment Rate Calculate the unemployment rate for both 1999 and 2009 U1999 = (5,838,000/ 139,429,000) x 100 = 4.2% U2009 = (14,928,000/ 154,577,000) x 100 = 9.7%

  7. U.S. Unemployment Rate 1948 to 2009

  8. Labor Force Participation Rate Labor Force Participation Rate =

  9. Calculate the LFPR for both 1999 and 2009 LFPR1999 = (139,429,000/208,038,000) x 100 LFPR1999 = 67.0% LFPR2009 = (154,577,000/236,087,000) x 100 LFPR2009 = 65.5%

  10. Male LFPR 1948 to 2009

  11. Female LFPR 1948 to 2009

  12. Other Unemployment Rates

  13. Duration of unemployment

  14. Discouraged Workers Persons not in the labor force who want and are available for a job and who have looked for work sometime in the past 12 months (or since the end of their last job if they held one within the past 12 months), but who are not currently looking because they believe there are no jobs available or there are none for which they would qualify.

  15. Marginally Attached Workers Persons who currently are neither working nor looking for work but indicate that they want and are available for a job and have looked for work sometime in the recent past. Discouraged workers, a subset of the marginally attached, have given a job-market related reason for not currently looking for a job. Persons employed part time for economic reasons are those who want and are available for full-time work but have had to settle for a part-time schedule.

  16. U-6: An Alternative Measure of Labor Market Conditions

  17. U-6 1994 to 2009

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