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U-1 Measure
A specific metric used to evaluate the unemployment rate, focusing on people who have been unemployed for 15 weeks or longer.
U-6 Measure
An unemployment rate that includes not only those who are unemployed and seeking employment but also those who are underemployed and the marginally attached to the labor force.
Spells Of Unemployment
Spells of unemployment refer to periods during which an individual is out of work and actively seeking employment.
U-5 Measure
An alternative unemployment rate that counts not only unemployed individuals actively seeking work but also those who are marginally attached to the labor force plus those working part-time for economic reasons.
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