pinqy
Gold Member
I'm not asking for numbers, I'm asking for a definition.
Currently the number is out of the Adult Civilian Non-Institutionalized Population:
Employed is defined as
So for those claiming this is not the "real" unemployment rate, what is your definition and how is it more "real" than the existing definition which meets ILO standards and is basically the same for most of the world (most of the differences are with age...different minimum and/or the inclusion of a maximum).
Forgot to add link for Employment and Earnings Household Data Concepts and Definitions
Currently the number is out of the Adult Civilian Non-Institutionalized Population:
and the equation is Unemployed as a percent of the Labor Force where Labor Force is Employed plus Unemployed.Included are persons 16 years of age and older residing in the 50 States and the District of Columbia who are not inmates of institutions (for example, penal and mental facilities, homes for the aged), and who are not on active duty in the Armed Forces.
Employed is defined as
Unemployed is defined asAll persons who, during the reference week, (a) did any work at all (at least 1 hour) as paid employees, worked in their own business, profession, or on their own farm, or worked 15 hours or more as unpaid workers in an enterprise operated by a member of the family, and (b) all those who were not working but who had jobs or businesses from which they were temporarily absent because of vacation, illness, bad weather, childcare problems, maternity or paternity leave, labor-management dispute, job training, or other family or personal reasons, whether or not they were paid for the time off or were seeking other jobs.
Each employed person is counted only once, even if he or she holds more than one job. For purposes of occupation and industry classification, multiple jobholders are counted in the job at which they worked the greatest number of hours during the reference week.
Included in the total are employed citizens of foreign countries who are temporarily in the United States but not living on the premises of an embassy. Excluded are persons whose only activity consisted of work around their own house (painting, repairing, or own home housework) or volunteer work for religious, charitable, and other organizations.
All persons who had no employment during the reference week, were available for work, except for temporary illness, and had made specific efforts to find employment sometime during the 4-week period ending with the reference week. Persons who were waiting to be recalled to a job from which they had been laid off need not have been looking for work to be classified as unemployed.
So for those claiming this is not the "real" unemployment rate, what is your definition and how is it more "real" than the existing definition which meets ILO standards and is basically the same for most of the world (most of the differences are with age...different minimum and/or the inclusion of a maximum).
Forgot to add link for Employment and Earnings Household Data Concepts and Definitions
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