Originally Posted by James_Orton:
“Under employment. Is this the new term when the narrative doesn't go your way on employment figures.
Perhaps stating what the under employment figure was for the last 20 years might help.”
“Under employment. Is this the new term when the narrative doesn't go your way on employment figures.
Perhaps stating what the under employment figure was for the last 20 years might help.”
I didn't actually know this, but there are sites that do keep these figures by breaking down into separate "under-employment" types for America.
The comprehensive U-6 unemployment rate adjusts the official rate by adding marginally attached workers and workers forced to work part time for economic reasons to the officially unemployed. To find the U-6 rate the BLS takes that higher unemployment count and divides it by the official civilian labor force plus the number of marginally attached workers. (No adjustment is necessary for forced part-time workers since they are already counted in the official labor force as employed workers.)
http://www.dollarsandsense.org/archi...709miller.html
And this for the UK:
http://www.newstatesman.com/politics...-s-record-jobs





