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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
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