Effective unemployment rate

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 who are working fewer hours than they would like. By adding these two groups to the unemployment rate, the rate becomes the effective unemployment rate.

Source: Wikipedia — Effective unemployment rate (CC BY-SA 4.0)

Effective unemployment rate

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 who are working fewer hours than they would like. By adding these two groups to the unemployment rate, the rate becomes the effective unemployment rate.

Source: Wikipedia "Effective unemployment rate" · CC BY-SA 4.0

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