Alternate Unemployment Charts for April 2020

The seasonally-adjusted Shadow Government Statistics (SGS) Alternate Unemployment Rate by economist John Williams which reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the Bureau of Labor Statistics (BLS) estimate of U-6 unemployment, which includes short-term discouraged workers.

The U-3 unemployment rate is the monthly headline number (20.5 Million). The U-6 unemployment rate ( 103.5 Million people not in the labor force) is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment. 

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