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A comment on What Record-Low Unemployment Looks Like in America. Parent comment

Re:What Record-Low Unemployment Looks Like in America by phyzome on Thursday March 15, 2018 @02:38PM (#16595407)
It also doesn't count people who want to work, but have given up after years of trying. IIRC, unemployment is calculated based on the number of people who are actively filing unemployment paperwork.
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Re:What Record-Low Unemployment Looks Like in America by peterstjohn on Thursday March 15, 2018 @02:39PM (#16595419)
U4: U3 + "discouraged workers", or those who have stopped looking for work because current economic conditions make them believe that no work is available for them.
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Re:What Record-Low Unemployment Looks Like in America by pkaye on Thursday March 15, 2018 @02:44PM (#16595464)
Isn't that called discouraged workers and covered under U5 unemployment? Unemployment is not based on the those who filled out the paperwork... it is based on a population survey. They call up random people and ask a series of questions. There are different levels of unemployment like those who are discouraged or underemployed. https://en.wikipedia.org/wiki/Unemployment#United_States_Bur...
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Re:What Record-Low Unemployment Looks Like in America by phyzome on Monday March 19, 2018 @04:49PM (#16623009)
The term "unemployment", said by itself, is ambiguous. I was annoyed that the Bloomberg article didn't specify. (If it did, I missed it.)
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