Unemployment 4.2%

Doug Henwood dhenwood at panix.com
Thu Jun 17 13:15:37 PDT 1999


Charles Brown wrote:


>Charles: So no homeless are part of the sample ? And none who have given
>up the search counted as unemployed if in the sample ?
>
>Is there any estimate of how much these would increase the unemployment
>counts ?

No one has any idea how many homeless people there are in the U.S. I wouldn't trust any estimate that tried to estimate the figure based on available info. Here's the latest array of unemployment estimates for May.

Doug

----

Range of alternative measures of labor underutilization

U-1 Persons unemployed 15 weeks or longer, as a percent of the civilian labor force........................................... 1.1

U-2 Job losers and persons who completed temporary jobs, as a percent of the civilian labor force.................................. 1.9

U-3 Total unemployed, as a percent of the civilian labor force (official unemployment rate).......................... 4.2

U-4 Total unemployed plus discouraged workers, as a percent of the civilian labor force plus discouraged workers.................. 4.1

U-5 Total unemployed, plus discouraged workers, plus all other marginally attached workers, as a percent of the civilian labor force plus all marginally attached workers...................................... 4.8

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....................... 7.1



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