The

unemployment rate Unemployment, according to the OECD (Organisation for Economic Co-operation and Development), is people above a specified age (usually 15) not being in paid employment or self-employment but currently available for work during the refere ...

announced by

United States Department of Labor The United States Department of Labor (DOL) is one of the executive departments of the U.S. federal government. It is responsible for the administration of federal laws governing occupational safety and health, wage and hour standards, unemploy ...

does not include those too discouraged to look for

work Work may refer to: * Work (human activity), intentional activity people perform to support themselves, others, or the community ** Manual labour, physical work done by humans ** House work, housework, or homemaking ** Working animal, an animal t ...

any longer or those

part-time Part-time can refer to: * Part-time job, a job that has fewer hours a week than a full-time job * Part-time student, a student, usually in higher education, who takes fewer course credits than a full-time student * Part Time Part Time (styliz ...

workers The workforce or labour force is a concept referring to the pool of human beings either in employment or in unemployment. It is generally used to describe those working for a single company or industry, but can also apply to a geographic reg ...

who are working fewer hours than they would like. 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 Unemployment#United States Bureau of Labor statistics, U6.John E. Bregger and Steven E. Haugen (1995). "BLS introduces new range of alternative unemployment measures" Monthly Labor Review, October: p. 24

U.S. Department of Labor, Bureau of Labor Statistics, retrieved March 6, 2009.

References

Macroeconomic indicators Unemployment in the United States Labour economics indices {{Macroeconomics-stub

See also

References