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September 2020 ShadowStats Alternate Unemployment is 26.9% in US

1 pointsby docPanglossover 4 years ago

1 comment

docPanglossover 4 years ago
September 2020 ShadowStats Alternate Unemployment is 26.9% in US.<p><a href="http:&#x2F;&#x2F;www.shadowstats.com&#x2F;alternate_data&#x2F;unemployment-charts" rel="nofollow">http:&#x2F;&#x2F;www.shadowstats.com&#x2F;alternate_data&#x2F;unemployment-chart...</a><p>Alternate Unemployment Charts<p>&quot;The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers. The U-3 unemployment rate is the monthly headline number. The U-6 unemployment rate is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment.&quot;