Tuesday, May 3, 2011

Current unemployment rates in March of 2011 (as reported in April)

millions of part-time workers who want to work full-time
millions of persons not currently looking for work because they believe no jobs are available for them, but they wanted and were available for work, and had looked for a job sometime in the prior 12 months
millions of unemployed persons
Millions of persons in the official civilian labor force
Official Unemployment rate
Actual unemployment and underemployment rate
Millions of persons in the civilian labor force if we include discouraged workers
Millions of persons who are unemployed, involuntarily part-time employed, or discouraged workers out of the labor-force but desiring a job.
As we get ready for the April unemployed figures, which will be released this Friday, I want to point out that our real unemployment and underemployment rate was at 14.8% in March (official rate was 8.8%).   We had a much better March than economists had expected.  I hope the trend holds for April.

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