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He may be, in which case his expression is unclear.
by afew (afew(a in a circle)eurotrib_dot_com) on Fri Nov 23rd, 2007 at 11:07:02 AM EST
[ Parent ]
... it seems likely.

U-6 Total unemployed, plus all marginally attached workers, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all marginally attached workers.

Oct06 7.6%
Oct07 7.9%

Table A-12.  Alternative measures of labor underutilization


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Fri Nov 23rd, 2007 at 11:24:40 AM EST
[ Parent ]
U-6 in November 2004 (year he's referring to) was 9.1%.

Do they recalculate the Labour Force as denominator (including the extra U-6 categories) or use the (LF = employed + U-3 unemployed) as denominator?

by afew (afew(a in a circle)eurotrib_dot_com) on Fri Nov 23rd, 2007 at 12:37:24 PM EST
[ Parent ]
... that's what "as a percent of the civilian labor force plus all marginally attached workers" means ... U3 is ""as a percent of the civilian labor force".


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Fri Nov 23rd, 2007 at 01:52:48 PM EST
[ Parent ]

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