The real Unemployment measruement the "U3 and U6" Measruement system

Source


A frequent meme propounded in the economic blogosphere is that U6 unemployment, running near 17% now, is a truer measure (and there are good reasons to believe it is), so that means we have unemployment
already approaching Great Depression levels of 25%. Left out of the
comparison is the fact that U3 and U6 measurements didn't exist during
the 1930s. So, is the 25% unemployment peak for the Great Depression a
fair comparison to U6 unemployment today?

N. Andrews compared historical versions of unemployment statistics with the modern U3 and U6 versions, published as "Historical Unemployment in Relationship to Today" , has an answer. He writes:


For the period of 1900 - 1947 we have two unemployment statistics available, Unemployed Non-Farm employees and Unemployed Civilian Workforce. These two data sets pose a challenge as they were developed
during a period of ever-changing data collection methodologies. The
data in the sets has been adjusted by the sources listed in
Bicentennial Edition: Historical Statistics of the United States,
Colonial Times to 1970 in an attempt to sync the data sets with the
methodology that was put in place as of 1940 and was the basis for
methodologies since. We can compare the two available data sets ... and
we see that the Unemployed Non-Farm employees and Unemployed Civilian
Workforce measures of unemployment appear to be a close analogue of
modern U3 (Unemployed Civilian Workforce) and U6 (Non-Farm employees).


Based on that research, he was able to generate a mathematical formula to calculate U3 and U6 unemployment for the entire period since 1900. He found that at the peak of the Great Depression, U3 was 25.2%. U6 was 37.6%.

Here's the resulting graph:


If Nelson is correct, the notion in the blogosphere that current U6 unemployment levels are close to those of the Great Depression appears
to be false, and indeed, far off the mark. Using Nelson's methodology,
our currrent U3 and U6 unemployment are both very close to the figures
in 1930, which is bad enough. But they are less than half of the
unemployment that existed at the peak of the Great Depression.

Views: 121

Reply to This

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

tjdavis posted a video

THE GREAT FLOOD Official Trailer (2026) Netflix | Global Disaster Movies 4K

🌊 A world pushed past the breaking point.In THE GREAT FLOOD (2026), rising oceans, collapsing cities, and unstoppable storms trigger a global disaster unlik...
yesterday
Doc Vega posted a blog post

Mothman Prophecies

When suddenly the universe looked downIt seemed everything came unwoundI wondered if my sanity was…See More
yesterday
rlionhearted_3 posted a status
"Joined Facebook after a 5 year absence. One absolutely undeniable picture that Hunter was in!!!!"
Sunday
rlionhearted_3 commented on rlionhearted_3's photo
Sunday
rlionhearted_3 posted photos
Sunday
Doc Vega posted a blog post

The 100 Series Designated for SAC and a Possible WWIII

 The “100 Series” as these fighter aircraft were labeled were a succession of Mach II capable…See More
Saturday
tjdavis posted a video

Human Be-In - Full Program - 1/14/1967 - Polo Fields, Golden Gate Park (Official)

Human Be-In - Full ProgramRecorded Live: 1/14/1967 - Polo Fields, Golden Gate Park - San Francisco, CAMore Human Be-In at Music Vault: http://www.musicvault....
Saturday
Less Prone favorited Doc Vega's blog post How Hollywood Sci Fi Predicted the Future?
Friday
Doc Vega posted blog posts
Thursday
Less Prone commented on Doc Vega's blog post Your Arrival on Planet Earth
"So sad to see a nice place be ruined by its inhabitants.... It's that shitholeness spreading…"
Thursday
Doc Vega commented on tjdavis's blog post Under An Ionized Sky
"Jesus Christ this is more diabolical than just about anything I've studied even though I knew…"
Thursday
Doc Vega commented on Doc Vega's blog post Your Arrival on Planet Earth
"Less Prone Nothing wrong with the planet. It's the inhabitants who are the problem."
Thursday
tjdavis's 2 blog posts were featured
Thursday
Doc Vega's 5 blog posts were featured
Thursday
Less Prone commented on Doc Vega's blog post Your Arrival on Planet Earth
"That assignment on the blue planet intrigued me a lot. And here we are now! I cannot say it's…"
Thursday
Less Prone favorited Doc Vega's blog post Your Arrival on Planet Earth
Thursday
Burbia's blog post was featured

Sebastion Piñera and 5G

 Sebastion Piñera “The start of the bidding process for the 5G network. Let’s listen to the threats…See More
Thursday
tjdavis favorited Burbia's video
Dec 3
tjdavis favorited Sandy's discussion Sick sci-fi sex fantasy written by Epstein's first benefactor people say inspired his twisted island... before author's SON ended up arresting him
Dec 3
tjdavis posted a blog post
Dec 3

© 2025   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted