HOUSEHOLD DATA Table A-15. Alternative measures of labor underutilization [Percent] Seasonally adjusted Not seasonally adjusted Feb. 2020 Measure Jan. 2021 Feb. 2021 Feb. 2020 Oct. 2020 Nov. 2020 Dec. 2020 Jan. 2021 Feb. 2021 U-1 Persons unemployed 15 weeks or longer, as a percent of the civilian labor force......... U-2 Job losers and persons who completed temporary jobs, as a percent of the civilian labor force.. U-3 Total unemployed, as a percent of the civilian labor force (official unemployment rate). U-4 Total unemployed plus discouraged workers, as a percent of the civilian labor force plus discouraged workers. U-5 Total unemployed, plus discouraged workers, plus all other persons marginally attached to the labor force, as a percent of the civilian labor force plus all persons marginally attached to the labor force... U-6 Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force.. 1.3 3.4 3.6 1.2 3.8 3.6 3.4 3.4 3.5 1.9 4.8 4.4 1.6 4.8 4.7 4.5 4.4 4.1 3.8 6.8 6.6 3.5 6.9 6.7 6.7 6.3 6.2 4.0 7.2 6.9 3.7 7.2 7.1 7.1 6.7 6.5 4.7 8.0 7.7 4.3 8.0 7.9 7.9 7.4 7.3 7.4 12.0 11.6 7.0 12.1 12.0 11.7 11.1 11.1 NOTE: Persons marginally attached to the labor force are those who currently are neither working nor looking for work but indicate that they want and are available for a job and have looked for work sometime in the past 12 months. Discouraged workers, a subset of the marginally attached, have given a job-market related reason for not currently looking for work. Persons employed part time for economic reasons are those who want and are available for full-time work but have had to settle for a part-time schedule. Updated population controls are introduced annually with the release of January data. 3. Refer to Table A-15. The marginally attached individuals are included in: Note: read the descriptions of the Unemployment measures--the answer is there. (Select all that apply) A. U-1 B. U-2 C. U-3 D. U-4 E. U-5 F. U-6 4. Refer to Table A-15. When comparing U-3 and U-6 for February 2021, which unemployment is closer to the "real" Unemployment rate? Explain
HOUSEHOLD DATA Table A-15. Alternative measures of labor underutilization [Percent] Seasonally adjusted Not seasonally adjusted Feb. 2020 Measure Jan. 2021 Feb. 2021 Feb. 2020 Oct. 2020 Nov. 2020 Dec. 2020 Jan. 2021 Feb. 2021 U-1 Persons unemployed 15 weeks or longer, as a percent of the civilian labor force......... U-2 Job losers and persons who completed temporary jobs, as a percent of the civilian labor force.. U-3 Total unemployed, as a percent of the civilian labor force (official unemployment rate). U-4 Total unemployed plus discouraged workers, as a percent of the civilian labor force plus discouraged workers. U-5 Total unemployed, plus discouraged workers, plus all other persons marginally attached to the labor force, as a percent of the civilian labor force plus all persons marginally attached to the labor force... U-6 Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force.. 1.3 3.4 3.6 1.2 3.8 3.6 3.4 3.4 3.5 1.9 4.8 4.4 1.6 4.8 4.7 4.5 4.4 4.1 3.8 6.8 6.6 3.5 6.9 6.7 6.7 6.3 6.2 4.0 7.2 6.9 3.7 7.2 7.1 7.1 6.7 6.5 4.7 8.0 7.7 4.3 8.0 7.9 7.9 7.4 7.3 7.4 12.0 11.6 7.0 12.1 12.0 11.7 11.1 11.1 NOTE: Persons marginally attached to the labor force are those who currently are neither working nor looking for work but indicate that they want and are available for a job and have looked for work sometime in the past 12 months. Discouraged workers, a subset of the marginally attached, have given a job-market related reason for not currently looking for work. Persons employed part time for economic reasons are those who want and are available for full-time work but have had to settle for a part-time schedule. Updated population controls are introduced annually with the release of January data. 3. Refer to Table A-15. The marginally attached individuals are included in: Note: read the descriptions of the Unemployment measures--the answer is there. (Select all that apply) A. U-1 B. U-2 C. U-3 D. U-4 E. U-5 F. U-6 4. Refer to Table A-15. When comparing U-3 and U-6 for February 2021, which unemployment is closer to the "real" Unemployment rate? Explain
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