Measuring+Unemployment

=Measuring Unemployment =   
 * To determine the unemployment rate, the U.S. Bureau of the Census (Census Bureau) conducts a monthly survey, called the Current Population Survey
 * Employees of the Census Bureau interview a random sample of 60,000 households across the U.S., and this data is analyzed and published by the Bureau of Labor Statistics
 * Identifying the Employed and Unemployed **
 * Individuals 16 and older are classified as employed if during the surveyed week...
 * They worked for pay or profit one or more hours
 * They worked without pay in a family business 15 or more hours
 * They have jobs but did not work as a result of illness, weather, vacations, or labor disputes
 * If the people do not fit any of these criteria, and they have been searching for work for 4 or more weeks, they are classified as unemployed
 * Unemployment Rate **
 * Unemployment rate: the percentage of people in the civilian labor force who are unemployed
 * The unemployment rate does not include marginally attached workers, discouraged workers, or the underemployed
 * ** Marginally attached workers **: people who have once held productive jobs but have given up looking for work
 * <span style="color: #000000; font-family: 'Lucida Sans Unicode', 'Lucida Grande', sans-serif;">** Discouraged workers **: people who want a job but have stopped looking for work for various reasons
 * <span style="color: #000000; font-family: 'Lucida Sans Unicode', 'Lucida Grande', sans-serif;">** Underemployed **: workers who have jobs beneath their skill level or who want full-time work but are only able to find part-time job

<span style="font-size: 110%; color: #887649; font-family: 'Lucida Sans Unicode', 'Lucida Grande', sans-serif;">**Determining Full Employment**
 * <span style="color: #000000; font-family: 'Lucida Sans Unicode', 'Lucida Grande', sans-serif;">Since an unemployment rate of 0% is impossible, full employment represents an unemployment rate of 5% or below [[image:dollar_avatar_tiny_square.jpg align="right" caption="HOME" link="home"]]