The Current Population Survey (CPS), or "Household Survey", conducts a survey based on a sample of 60,000 households.
This Survey measures the unemployment rate based on the ILO definition. The data are also used to calculate 5 alternate measures of unemployment as a percentage of the labor force based on different definitions noted as U1 through U6:
U1: Percentage of labor force unemployed 15 weeks or longer.
U2: Percentage of labor force who lost jobs or completed temporary work.
U3: Official unemployment rate per ILO definition.
U4: U3 + "discouraged workers", or those who have stopped looking for work because current economic conditions make them believe that no work is available for them.
U5: U4 + other "marginally attached workers", or "loosely attached workers", or those who "would like" and are able to work, but have not looked for work recently.
U6: U5 + Part time workers who want to work full time, but cannot due to economic reasons.
UNEMPLOYMENT STATS THAT ARE ANNOUNCED BY GOVERNMENT ENTITIES COUNT ONLY THOSE WHO ARE STILL ON UNEMPLOYMENT BENEFITS AND THOSE WHO HAVE JUST FILED FOR UNEMPLOYMENT.
THE TOTAL "REAL" UNEMPLOYMENT STATS FOR CALIFORNIA 9/19/2009 ARE
MORE THAN LIKELY (ESTIMATE) AROUND 18 - 20 PERCENT AND PERHAPS MORE..
ARTICLE FROM BLOOMBERG NEWS
Sept. 18 (Bloomberg) -- Unemployment rose in 27 U.S. states in August, with California and Nevada reaching record levels of joblessness.
Rhode Island rounded out the list of states with the highest level of unemployment since data began in 1976, the Labor Department reported today in Washington. California’s unemployment rate reached 12.2 percent and Nevada’s climbed to 13.2 percent.
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