Document Type
Article
Publication Title
Center for Economics and the Environment: Policy Series
Abstract
Official unemployment rates produced by the Bureau of Labor Statistics (BLS) are intended to capture the extent to which the economy is generating employment for those adults who want to work. It has been known for some time, however, that, because of the discouraged-worker effect, the official unemployment rates understate the true extent of unemployment. The BLS produces alternative measures that are meant to address this problem, but, because these measures exclude anyone who has been discouraged for more than a year, they are inadequate given the prolonged nature of the current recovery.
Publication Date
1-26-2012
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-Share Alike 4.0 International License.
Recommended Citation
Wall, Howard J., "'True' Unemployment in the United States and the St. Louis Metro Area" (2012). Center for Applied Economics. 40.
https://digitalcommons.lindenwood.edu/cee/40