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And after ~12 months or so, they are removed from the "unemployment" numbers as "no longer looking for work" so that the numbers look better. ref: https://www.
by ok_dad 3y ago
And after ~12 months or so, they are removed from the "unemployment" numbers as "no longer looking for work" so that the numbers look better.
ref: https://www.bls.gov/cps/cps_htgm.htm#nilf https://www.bls.gov/cps/cps_htgm.htm#nilf
- kibwen 3y agoNo, you still count as unemployed even if you haven't had a job for 12 months, as your own link attests. The question is whether you've looked for a job at any point in the past year, not whether you've held one. More broadly, the US government publishes six different measures of unemployment, all of which can be seen here: https://www.bls.gov/news.release/empsit.t15.htm https://www.bls.gov/news.release/empsit.t15.htm . The media usually focuses on U-3 (currently 3.7%), whereas the broadest metric is U-6 (currently 7.2%).
- ok_dad 3y agoYour comment us needlessly pedantic, as I linked the full answer and said “~12 months” which is “about twelve months” which is not incorrect, though I’m sure the average is probably closer to 18-20 months for being removed from the U3 stat.