Unlike the “official” jobless rate, the labor department’s so-called “u-6” unemployment rate includes those working part time but who want a full-time job and can’t find one. The unemployment rate is hugely underestimating slack in the labor market economic indicators • by heidi shierholz • april 5, 2013 the march jobs report released this morning by the bureau of labor statistics was a big, negative surprise and underscored that a robust jobs recovery has still yet to materialize. The national unemployment rate was 55 percent last month last year, 237 percent of those who are black and unemployed had attended some college, 154 percent had bachelor’s degrees and 45.
How reliable is the unemployment rate and there are factors like weather -- including the series of hurricanes that smacked florida last month -- that can skew the numbers for a given month. The unemployment rate being skewed downwards isn’t the issue it’s wage stagnation  average wages have been increasing below nominal rate and have been projected to see future downturn because of weak job markets. The jobs picture looked brighter in the region than the previous december, when lake county's unemployment rate was 66 percent and porter county's was 54 percent.
The u-6 rate also stayed level in december at 99 percent overall, the u-6 has been more volatile than the unemployment rate since the recession it's down 130 basis points over the past year. Something funny is going on in britain’s jobs market and it’s not a joke unemployment has dropped to 45%, the lowest since 1975 the employment rate is the highest on record at 749. On friday morning the government will release its monthly employment situation report and investors will undoubtedly focus on the two big headline numbers: total jobs added and the unemployment rate. Has the way unemployment is measured changed in the last 8 years ask question the calculation of the unemployment rate has not changed for a very long time it is a common gripe that the number (currently about 49%) is increasingly inaccurate if the result at any particular time can be skewed, it is the veracity of a comparison.
The unemployment rate accounts for the number of unemployed people in the labor force — men and women aged 15-64 who are employed, have looked for a job in the last 12 months or have worked at least one hour in the last four weeks. The unemployment rate only measures people who are both living at home and actively looking for a job the data still are skewed here are the same numbers for all prime-age men in 2014. Shadowstats newsletter john williams’ shadow government statistics is an electronic newsletter service that exposes and analyzes flaws in current us government economic data and reporting, as well as in certain private-sector numbers, and provides an assessment of underlying economic and financial conditions, net of financial-market and political hype. The unemployment rate is an illusion, a misleading number that, when recited in reassurance, smacks of a lack of understanding and empathy for americans struggling to gain a foothold in an economy. The official unemployment rate, the 47% number, counts percent of labor force who are without jobs labor force is defined as those with jobs or those who have looked for work within past 30 days.
The official unemployment rate came in at 66% in january, versus 67% in december bloomberg was calling for 67% and dow jones was calling for 66% both numbers should be considered a rounding. Despite the significant decrease in the official us bureau of labor statistics (bls) unemployment rate, the real unemployment rate is over double that at 126. The us economy added 178,000 jobs in november, while the unemployment rate fell to 46 percent, a level not seen since august 2007, according to government data released friday morning.
The official us unemployment rate for may was which skewed the results sufficiently that the median wage increase for 2017 was a paltry 02 percent, the epi reports inflation may have been. The us unemployment rate fell to 37 percent in september, according to the bureau of labor statistics since january, the unemployment rate has fallen nearly half a percentage point overall. The ontario city’s unemployment rate, according to numbers released friday, dropped 90 per cent between november and march — 40 per cent between february and march alone. While some consider this the real unemployment rate, is not the official unemployment rate however, the official unemployment rate of 83% has become significantly skewed from the unemployment.