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# parse out just the ones that we care about: U1, U2, U3, U4, U5 and U6 # The AllData file has 4.2 million rows, of which can take some time to # load, so it is commented out for repeated plots.
The number of persons working part-time for economic reasons remained above the pre-crisis level as of August 2016. The number rose from 4.6 million in December 2007 (pre-crisis) to a peak of 9.7 million in March 2010, before falling to 6.0 million in August 2016.
U1–U6 since 1950, as reported by the Bureau of Labor Statistics. The Bureau of Labor Statistics also calculates six alternate measures of unemployment, U1 to U6, which measure different aspects of unemployment: [58] U1: [59] Percentage of labor force unemployed 15 weeks or longer. U2: Percentage of labor force who lost jobs or completed ...
The unemployment rate reached levels hardly ever seen before due to the COVID-19 pandemic. In April 2020, the rate was 14.8% -- the highest rate since data collection began, according to the...
Here is how the numbers look in that comparison: Change in unemployment rate from February 2020 to February 2021: +2.7. Percent change in unemployment rate from February 2020 to February 2021: +77.14%
To understand this, let's consider a labor force of 100 people, of which 20 are unemployed. The unemployment rate is 20%. But if 10 unemployed people drop out of the labor force, that reduces the ...
Prior to 1994, the alternate measures of unemployment had different names because the BLS drastically revised the questions in the CPS and renamed the measures: U3 and U4 were eliminated; the official rate U5 remained the same measure but was renamed U3; U6 and U7 were revised and renamed U5 and U6. [14] CPS-based measures of unemployment ...
See how Whatcom County’s unemployment rate compares to the state.