Today’s HR Voices is by John Kriegsmann:
The current recession has been long and deep. The published rate of unemployment (which the Bureau of Labor Statistics refers to as U-3) has ranged from a high of 10 percent in 2009 to today’s rate 8.1 percent.
Unfortunately, the published U-3 rate only measures those workers who have been actively searching for work only in the past four weeks. It does not count discouraged workers who have stopped looking for jobs, or individuals who settle for part-time work because they cannot find a full-time job.