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Prior to 1994, the alternate measures of unemployment had different names because the BLS drastically revised the questions in the CPS and renamed the measures: U3 and U4 were eliminated; the official rate U5 remained the same measure but was renamed U3; U6 and U7 were revised and renamed U5 and U6. [14]
Line chart showing unemployment rate trends from 2000 to 2017, for the U3 and U6 measures. Analyzing employment ratios for prime working age (25–54 yrs) helps remove the effects of aging demographics. Both ratios have the same denominator, the civilian population.
In April 2010, the US unemployment rate was 9.9%, but the government's broader U-6 unemployment rate was 17.1%. [175] In April 2012, the unemployment rate was 4.6% in Japan. [176] In a 2012 story, the Financial Post reported, "Nearly 75 million youth are unemployed around the world, an increase of more than 4 million since 2007. In the European ...
The number of Americans filing new applications for unemployment benefits increased more than expected last week, but remained at levels consistent with a healthy labor market. Initial claims for ...
The lowest unemployment rate was in North Dakota at just 2.7%, while New Mexico had the highest unemployment rate at 6.7%. Unemployment rates have recovered dramatically in all the states since ...
# parse out just the ones that we care about: U1, U2, U3, U4, U5 and U6 # The AllData file has 4.2 million rows, of which can take some time to # load, so it is commented out for repeated plots.
Change in unemployment rate from April 2020 to February 2021:-8.6%. Percentage change in unemployment rate from April 2020 to February 2021:-58.11%. Read: ...
By adding these two groups to the unemployment rate, the rate becomes the effective unemployment rate. The Bureau of Labor Statistics in the United States keeps an alternative unemployment rate indicator similar to the effective unemployment rate called U6 .