Chart of the Week: Augmented Unemployment Rate

Monday, January 12, 2004 | 12:07 PM

The Augmented Unemployment Rate reflects the discouraged, the underemployed, the part timers. It provides a more helpful macro view of employees as potential retail consumers.

Real Unemployment?
augmented.gif
Source: TheStreet.com

According to this government statistic, the actual unemployment rate is closer to 9%. This may be a more accurate measure of labor than using new unemployment claims.


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Monday, January 12, 2004 | 12:07 PM | Permalink | Comments (2) | TrackBack (3)
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» The Actual Unemployment Rate Is Closer To 9% from nyc99
The Big Picture: Chart of the Week: Augmented Unemployment RateChart of the Week: Augmented Unemployment Rate The Augmented Unemployment Rate reflects the discouraged, the underemployed, the part timers. It provides a more helpful macro view of employe... [Read More]

Tracked on Jan 13, 2004 6:40:05 PM

» The Misleading Jobless Rate from The Big Picture
David Leonhardt has an interesting article in today's NYT about a subject we have discussed around here ad nauseum: The Misleading Jobless Rate. Over the years, TBP has looked at the Augmented unemployment rate, as well as the NILF issue (Not In Labor ... [Read More]

Tracked on Mar 5, 2008 11:33:59 AM

» Jobless vs. Unemployed from The Big Picture
In today's NYT, Floyd Norris hits on a subject that has been a favorite of ours over the years: Finding the true measure of the economy's labor situation.The unemployment rate is low. The jobless rate is high.Those two seemingly contradictory statement... [Read More]

Tracked on Apr 12, 2008 9:24:19 AM

Comments

What on earth is the vertical scale on that graph?
6, 7, 7, 8, 8, 9, 10, 10

I can *almost* explain it by assuming that every other number N is actually N+0.5, and rounding for presentation makes the '.5's disappear. But neither rounding up nor rounding down explains why 9 only appears once.

Posted by: John Aspinall | Jan 13, 2004 11:18:08 AM

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