3 ms·
The Bureau of Labor Statistics literally publishes six different unemployment rates, each of which includes different combinations of unemployed, discouraged pe
by whats_a_quasar 3y ago
The Bureau of Labor Statistics literally publishes six different unemployment rates, each of which includes different combinations of unemployed, discouraged people who are not job searching, "marginally attached workers", and people working part time who want to be full time.
Here is the table of 2023 averages by state for each of these six rates:
https://www.bls.gov/lau/stalt.htm https://www.bls.gov/lau/stalt.htm
The "True unemployment rate" from the link is basically U-6, except they use $25k as a cutoff to define marginally attached workers. It isn't immediately obvious how BLS defines marginally attached workers, so that might be different. It's not some government secret!