Re: unemployment rate

considering the deficencies of the official unemployment rate, the Bureau of
Labor Statistics introduced new measures of unemployment since 1994
(including involuntary part-time, discouraged job seekers, etc.). One of
these new measures is about the double of the official rate.
See: Bregger J., Haugen S., "BLS introduces new range of alternative
unemployment measures", Monthly Labor Review, October (1995) (from the BLS
homepage)

Luca Rondini,
Roma, Italy

----- Original Message -----
From: "Dennis L. Blewitt" <Dennis.Blewitt@Colorado.EDU>
To: "WSN" <WSN@csf.colorado.edu>
Sent: Thursday, March 14, 2002 7:12 PM
Subject: Re: unemployment rate


> What I had in mind was a little more complicated than just factoring in
the
> number of prisoners when calculating unemployment.
> For instance:
>     Unemployment figures do not count "drop outs" who have given up
finding
> employment.  How many released drug offenders are likely to be drop outs?
>     Police, court personnel, etc would become unemployed if drug
enforcement
> were moderated.
>     Prison personnel would be seeking jobs, etc.
> I suspect the difference in rates is greater than adding 1.4 million to
the
> working population and adjusting the present rate.
>     Is anyone aware of any data or estimates concerning these factors?
> Dennis L. Blewitt
>
>