The
unemployment rate announced by
United States
Department of Labor
does not include those too discouraged to look for
work any longer or those part-time workers that are
working fewer hours than they would like. By adding these
two groups to the unemployment rate, the rate becomes
effective unemployment rate.
The
Bureau of Labor
Statistics in the United States
keeps an alternative unemployment rate indicator
similar to the effective unemployment rate called U6.
See also
References