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Thread: computing unemployment?

  1. #1
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    Default computing unemployment?

    If one person holds two jobs, is that counted as two people have a job?
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  2. #2
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    Default Re: computing unemployment?

    Simpler is better, except when complicated looks really cool.

  3. #3
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    Default Re: computing unemployment?

    Our government defines paid employment as a minimum of one hour per week.
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  4. #4
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    Default

    That must be one person is employed. Otherwise you could have more than 100% employment. But I'm sure there's a difference between the number of new jobs created, and the number of people who have become employed.

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  5. #5
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    Default Re: computing unemployment?

    See https://www.bls.gov/cps/cps_htgm.htm

    people employed part-time for economic reasons are not counted as unemployed, so if you're working 60 hours/week at 3 part-time jobs trying to keep it together because there are no real jobs available, you're not unemployed.

    There are multiple measures of unemployment:

    https://www.bls.gov/news.release/empsit.t15.htm

    U-3 is the official measure; U-6 is a better, more accurate measure.

    U-6 is nearly double U-3.

  6. #6
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    Default Re: computing unemployment?

    Quote Originally Posted by Nicholas Carey View Post
    See https://www.bls.gov/cps/cps_htgm.htm

    people employed part-time for economic reasons are not counted as unemployed, so if you're working 60 hours/week at 3 part-time jobs trying to keep it together because there are no real jobs available, you're not unemployed.

    There are multiple measures of unemployment:

    https://www.bls.gov/news.release/empsit.t15.htm

    U-3 is the official measure; U-6 is a better, more accurate measure.

    U-6 is nearly double U-3.
    The BLS also provides numbers for age groups and race. They give a more detailed view.
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