Just getting real on the unemployment figures and supplying some alternate links for y'all.
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Forget the official 8.2% unemployment rate. Take a hard look instead at whats known as the U6 rate, which tracks not only those out of work but those whove essentially given up looking for work.
Tell us what the real rate was under Reagan in October 1983.
Let's have a comparison here, if we are going to get "real".
Just getting real on the unemployment figures and supplying some alternate links for y'all.
-----------------------------
Forget the official 8.2% unemployment rate. Take a hard look instead at whats known as the U6 rate, which tracks not only those out of work but those whove essentially given up looking for work.
Tell us what the real rate was under Reagan in October 1983.
Let's have a comparison here, if we are going to get "real".
To be fair, since the alternative measures were redesigned in 1994, there is no data for the Reagan years for the U-6. Marginally Attached, a major component of the U-6, wasn't even a classification before 94, so it's not even possible to go back and recreate.
What generalization? I'm stating facts. The U-6 is unemployed+marginally attached+part time for economic reasons as a percent of the labor force plus marginally attached. It was a measure first introduced in1994. Marginally Attached was not a category before then.
Just getting real on the unemployment figures and supplying some alternate links for y'all.
-----------------------------
Forget the official 8.2% unemployment rate. Take a hard look instead at what’s known as the U6 rate, which tracks not only those out of work but those who’ve essentially given up looking for work.
Tell us what the real rate was under Reagan in October 1983.
Let's have a comparison here, if we are going to get "real".
thats all you've got ??
You are a liar as usual. Your own Table A-15 link proves you and AEI are liars.Just getting real on the unemployment figures and supplying some alternate links for y'all.
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Forget the official 8.2% unemployment rate. Take a hard look instead at whats known as the U6 rate, which tracks not only those out of work but those whove essentially given up looking for work.
That rate stands at about 14.5%, or nearly double the official unemployment rate.
As economists digest the disappointing job numbers released Friday -- just 120,000 jobs added in March, well below expectations -- some say the U6 figure is the data point people should be focused on.
The official figure used by the Labor Department leaves out a lot of people whove just given up, said Aparna Mathur, a resident scholar and economist at the American Enterprise Institute.
The U6 number is derived from a household survey that includes people who are actually unemployed as well as those who havent looked for work in over four weeks, Mathur explained.
If youre unemployed and you havent been looking for work in the previous four weeks than youre not considered part of the official unemployed, she said. The U6 rate, meanwhile, includes all of those people who are too discouraged to look for work.
The 120,000 jobs added in March was the smallest increase since October and effectively killed momentum that had been growing in the labor markets since late last year. Forecasts had predicted nonfarm unemployment to rise by 203,000. The economy had added more than 200,000 jobs in each of the past two months.
Time to Focus on the Real Unemployment Rate | Fox Business
other links
Alternate Unemployment Charts
Table A-15. Alternative measures of labor underutilization
You are a liar as usual. Your own Table A-15 link proves you and AEI are liars.Just getting real on the unemployment figures and supplying some alternate links for y'all.
-----------------------------
Forget the official 8.2% unemployment rate. Take a hard look instead at what’s known as the U6 rate, which tracks not only those out of work but those who’ve essentially given up looking for work.
That rate stands at about 14.5%, or nearly double the official unemployment rate.
As economists digest the disappointing job numbers released Friday -- just 120,000 jobs added in March, well below expectations -- some say the U6 figure is the data point people should be focused on.
The official figure used by the Labor Department “leaves out a lot of people who’ve just given up,” said Aparna Mathur, a resident scholar and economist at the American Enterprise Institute.
The U6 number is derived from a household survey that includes people who are actually unemployed as well as those who haven’t looked for work in over four weeks, Mathur explained.
“If you’re unemployed and you haven’t been looking for work in the previous four weeks than you’re not considered part of the official unemployed,” she said. The U6 rate, meanwhile, “includes all of those people who are too discouraged to look for work.”
The 120,000 jobs added in March was the smallest increase since October and effectively killed momentum that had been growing in the labor markets since late last year. Forecasts had predicted nonfarm unemployment to rise by 203,000. The economy had added more than 200,000 jobs in each of the past two months.
Time to Focus on the Real Unemployment Rate | Fox Business
other links
Alternate Unemployment Charts
Table A-15. Alternative measures of labor underutilization
The U-4 not the U-6 is the rate for unemployed plus those who have given up looking for work. U-6 rate is the UNDERemployment rate and includes additional groups of workers like part time workers who would like full time work, not just discouraged workers.
The U-4 rate is 8.7%
From your OWN link;
U-4 Total unemployed plus discouraged workers, as a percent of the civilian labor force plus discouraged workers
U-6 Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force
It was in the 34th month of Reagan's first term, not immediately after the JC 'years'.
