How is The Official Unemployment Rate 3.8% When 37% of the U.S is Unemployed? - Deepstash
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The Official U.S Unemployment Rate

If you haven’t actively searched for work in the last 4 weeks (maybe you’ve been in school or maybe you’ve been looking online but haven’t applied for a job yet) you don’t count as Unemployed according to the official definition. You don’t get counted as employed, obviously, either. You actually don’t get counted at all.

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Labor Force Participation Rate

The labor force participation rate defines the “labor force” as everyone eligible to work. Anyone in the labor force who is not employed is unemployed, simple. That's 37% of the population unemployed versus the 3.8% the government has been Blabbing about for months now. The most important initiative that we can undertake is to prevent people from getting to month 7 of unemployment.

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Duration of Unemployment

The Bureau of Labor Statistics breaks these time periods into 4 groups:

  • less than 5 weeks
  • 5 weeks — 2 months (14 weeks)
  • 3 months (15 weeks) — 6 months (26 weeks)
  • 7 months (27 weeks) +

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The Official Definition Of Unemployed

People are classified as Unemployed if they do not have a job, have actively looked for work in the prior 4 weeks, and are currently available for work.

Sometimes a nice-sounding number reported by any agency whether it’s the government, a news source, or a media outlet, is so far from the actual truth that it might as well be completely made up.

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Unemployement Rate: The Real Facts

  • 2.5 million people are getting back to work after 5 weeks of job searching
  • 2 million people are finding a job within 5–14 weeks of looking for a job
  • 1.5 million people are out of work for longer than 7 months
  • 1 million people find a job between 3 and 6 months of searching for one.

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