| Table 3-16 |
| Alternative measures of labor underutilization |
| |
| Measure |
|
Definition |
| |
| U1 |
|
Percentage of the labor force unemployed for 15 weeks or longer |
| U2 |
|
Percentage of the labor force who lost jobs or completed temporary work |
| U3 |
|
Official unemployment rate: percentage of the labor force without jobs who have actively looked for work within the past four weeks |
| U4 |
|
U3 + percentage of the labor force who are discouraged workers (those who have stopped looking for work) |
| U5 |
|
U4 + percentage of the labor force who are marginally attached workers (those who would like to work but have not looked for work recently) |
| U6 |
|
U5 + percentage of the labor force who are part-time workers but want to work full time |
| |
SOURCE: Bureau of Labor Statistics, http://www.bls.gov/lau/stalt.htm.
Science and Engineering Indicators 2012 |
|