Saturday, December 6, 2008

Unemployment Rate Exludes People Stopping Looking for Jobs

Does the official unemployment rate exclude people who have stopped looking for work? Yes; however, there are separate estimates of persons outside the labor force who want a job, including those who have stopped looking because they believe no jobs are available (discouraged workers). In addition, alternative measures of labor underutilization (discouraged workers and other groups not officially counted as unemployed) are published each month in the Employment Situation news release. Labor underutilization

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