Augmented Unemployment Rate revisited

Saturday, March 20, 2004 | 02:09 PM

We had previously discussed the Augmented Unemployment Rate back on January 10, 2004. (I've been meaning to update it, but its not the type of stat that moves markets).

Now, 2 months later, we see an actual improvement in this number, at +8.5%. This is down almost a percentage point from the 9.3 percent reading in January. I would expect to see an furtherimprovement still in April when it gets released.


Some people don't think highly of the Augmented Unemployment Rate; At least not lately. These critics were not holding court on the subject back in 2000 (although unemployment was hardly the election issue then it is today, so its not a fair comparo).

Regardless, any improvement in the overall employment situation is welcome.

More on this later . . .

Gloomsters, Ship Sinking, Hold on for Dear Life
Caroline Baum
Bloomberg, Nov. 14, 2003

The Economic Calendar: March 1-5

Saturday, March 20, 2004 | 02:09 PM | Permalink | Comments (2) | TrackBack (2) add to | digg digg this! | technorati add to technorati | email email this post



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» Augmented Unemployment Rate from just procrastinating
Augmented Unemployment Rate From Barry Riholtz at the Big Picture, a note on the "augmented unemployment rate" that shows a decline to about 8.5%. Here is some info about this number, according to Barry: "The Augmented Unemployment Rate includes the ... [Read More]

Tracked on Mar 22, 2004 10:17:29 AM

» 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 11:33:50 AM


Interesting, but there are all sorts of adjustment problems with this data. We can hope the direction of movement at least is telling.

Posted by: anne | Mar 20, 2004 6:30:14 PM

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