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View Diary: 3.4 Million More Jobs Needed in 2013 (12 comments)

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  •  Conflicting stories... (0+ / 0-)

    In their most recent report, the BLS says "The number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 4.6 million."

    But I was told that this only includes those who were unemployed from "27 weeks to 52 weeks" and not "27 weeks or longer"  ---  because after one year, they are no longer counted in the U-6 unemployment rate any longer either.

    They say we "dropped out" of the workforce, and are no longer "marginally attached" or even considered a "discouraged workers" anymore.

    (Thx!)

    •  Bud - the key is "actively looking for work" (1+ / 0-)
      Recommended by:
      erush1345

      Regardless of how long someone has been unemployed if the adult on the phone characterizes someone as actively looking for work (which means something proactive was done in the past week) that person is counted as unemployed and is part of U3. It is certainly true that the longer someone is unemployed the less likely they are actively looking each month and drop to U6, or even are not counted in the unemployment statistics, other than to show how long they have been unemployed.

      I only bring up this nit because this is a very well done diary and don't want an offhand comment to detract from it.

      "let's talk about that"

      by VClib on Mon Apr 08, 2013 at 08:25:06 AM PDT

      [ Parent ]

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