Sunday, August 9, 2009

What is the actual unemployment rate in the US, including those not on unemployment pay?

As of February 2008 it is 4.8%



What is the actual unemployment rate in the US, including those not on unemployment pay?interest only loan





I dont know that we can accurately predict that without some way of counting. Our only way of counting is unemployment.



What is the actual unemployment rate in the US, including those not on unemployment pay? loan



As defined by the International Labour Organization (ILO), %26quot;unemployed workers%26quot; are those who are currently not working but are willing and able to work for pay, currently available to work, and have actively searched for work.



There was an official measure of 7.6 million unemployed in the U.S. as of January 2008, a rate of 4.9%.



These statistics are for the U.S. economy as a whole, hiding variations among groups. For January 2008 in the U.S. the unemployment rates were 4.4% for adult men, 4.2% for adult women, 4.4% for Caucasians, 6.3% for Hispanics or Latinos (all races), 9.2% for African Americans, 3.2% for Asian Americans, and 18.0% for teenagers.



These percentages represent the usual rough ranking of these different groups%26#039; unemployment rates. The absolute numbers change over time and with the business cycle.



The unemployment rate may be different from the impact of the economy on people. The unemployment figures indicate how many are not working for pay but seeking employment for pay. It is only indirectly connected with the number of people who are actually not working at all or working without pay.

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