File:U1-U6 unemployment rate.webp

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Summary

Description
English: U1-U6 unemployment rate. These are defined as:
  • U1: Percentage of labor force unemployed 15 weeks or longer.
  • U2: Percentage of labor force who lost jobs or completed temporary work.
  • U3: Official unemployment rate, per the ILO definition, occurs when people are without jobs and they have actively looked for work within the past four weeks.
  • U4: U3 + "discouraged workers", or those who have stopped looking for work because current economic conditions make them believe that no work is available for them.
  • U5: U4 + other "marginally attached workers," or "loosely attached workers", or those who "would like" and are able to work but have not looked for work recently.
  • U6: U5 + Part-time workers who want to work full-time, but cannot for economic reasons (underemployment).
Date
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Author Wikideas1

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U1-U6 unemployment rate

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6 January 2022

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current08:28, 6 January 2022Thumbnail for version as of 08:28, 6 January 20221,146 × 309 (28 KB)Wikideas1Uploaded own work with UploadWizard

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