What is the u4 unemployment rate?

What is the u4 unemployment rate?

U-4. Unemployed people, plus discouraged workers, as a percentage of the labor force (plus discouraged workers). Discouraged workers are those who are available to work and would like a job, but gave up actively looking for one.

Which state has highest unemployment ratio?

Meghalaya has the least unemployment rate among the Indian states, while Haryana has the highest unemployment rate.

What is the u5 unemployment rate?

US U-5 Unemployment Rate is at 4.20%, compared to 4.30% last month and 6.60% last year.

What is the unemployment rate in South Africa?

According to the Quarterly Labour Force Survey (QLFS) for the first quarter of 2022, the unemployment rate was 63,9% for those aged 15-24 and 42,1% for those aged 25-34 years, while the current official national rate stands at 34,5%.

What is the real unemployment rate in Australia?

3.9%
The seasonally adjusted unemployment rate for April 2022 was 3.9 per cent, according to data released today by the Australian Bureau of Statistics (ABS).

What is the u3 unemployment rate?

6.1 percent
The official unemployment rate, also called U-3, was 6.1 percent in April 2021. The April 2021 rate was little changed from the previous month’s rate of 6.0 percent. The unemployment rate was 3.5 percent in both January and February 2020.

Why is u3 The official unemployment rate?

The U-6 rate includes discouraged, underemployed, and unemployed workers in the country. U-3 is the rate of unemployment released each month by the Bureau of Labor Statistics (BLS), but many economists view the U-6 rate as the more meaningful rate because it covers a larger percentage of people who are unemployed.

What is the current unemployment rate in South Africa 2020?

28.74%
South Africa unemployment rate for 2020 was 28.74%, a 0.27% increase from 2019.

What is the unemployment rate in Australia 2021?

In December 2021 the unemployment rate in Australia was at 4.2 percent….Monthly unemployment rate in Australia from January 2020 to December 2021.

Characteristic Unemployment rate

Which US state has the lowest unemployment rate?

Nebraska
Unemployment Nebraska had the lowest jobless rate in May, 1.9 percent. The next lowest rates were in Minnesota and Utah, 2.0 percent each.

What is u3 vs u6?

What is the difference between U 3 and U-6 unemployment?

U-3 is the most commonly reported rate of unemployment in the U.S. U-6 includes everyone not accounted for in the U-3 rate—discouraged, underemployed, and unemployed workers in the country. It measures the number of people who are jobless but actively seeking employment.

  • October 6, 2022