#Sequel pro alternative full

Persons who were not in the labor force-that is, who were not working at all during the survey reference week and who had not looked for work during the prior 4-week period-were asked if they wanted a job “now,” either full or part time. Whatever terminology we use, Williams says that these long-term discouraged (or marginally attached) workers “were defined out of official existence in 1994.” To understand what he means by that, we need to look at what happened at the BLS in that year. There is no point in starting a dispute over terminology, so for the remainder of this post, I will stick with his term, LTDW. Strictly speaking, it would be better to call them “long-term marginally attached persons.” However, Williams is not alone in conflating the “discouraged” and “marginally attached” categories. I find that term a little misleading, since, as far as I can see, the people he counts as LTDWs include everyone who wants a job but has not looked within the past 12 months, regardless of reason.

#Sequel pro alternative plus

As he explains, his ShadowStats alternate unemployment is equal to U-6 plus an estimate of what he calls long-term discouraged workers, or LTDWs, for short. Williams accepts the U-6 measure of the employment gap with one exception. The rest cite reasons like school, family responsibilities, ill health, or transportation problems as the reasons they have not recently looked for work. Discouraged workers currently make up about 25 percent of all marginally attached workers.

Discouraged workers, as the BLS officially defines them, are a subcategory of the marginally attached who report that they are not looking for work because they think no jobs are available, either because of the state of the economy or for reasons such as discrimination or their lack of qualifications. It begins from the standard unemployment rate, adds marginally attached persons and people working part time for economic reasons to the numerator, and divides the total by the labor force plus the marginally attached.īy “marginally attached,” the BLS means people who currently are neither working nor looking for work, but who indicate that they want and are available for a job and have looked for work sometime in the past 12 months.

The BLS has its own measure of the employment gap, U-6, often known as the broad unemployment rate.