Real level of unemployment in the UK?

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flaneur's picture
flaneur
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Sep 1 2013 17:54
Real level of unemployment in the UK?

Anyone have a clue what it is or any links to decent articles? I know the beginning of last year, the TUC had it around the 6.3 million mark.

Chilli Sauce's picture
Chilli Sauce
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Sep 1 2013 19:38

I read an article recently that said, for the US, the prison population (something like two-thirds of prisoners are unemployed/underemployed when they go into prison) brings down the unemployment level by two whole points. Given the US's insanely high incarceration levels, including the prison population, the US has maintained relatively the same same levels of unemployment as Europe over the decades.

Agent of the Fifth International's picture
Agent of the Fi...
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Sep 1 2013 23:06

Whether or not they were unemployed before they went to prison, shouldn't they be categorized as unemployed/underemployed when in prisons? I mean, how are they going to be accounted for?

This article (http://www.bbc.co.uk/news/business-20509189) says that one in ten UK workers are underemployed. But the measurements there doesn't seem to be as clear as the U-6 measurement here in the US. TUC put it at 11.32%. Both numbers are a bit dated though.

Using this (http://www.bls.gov/news.release/empsit.t15.htm), you can clearly see the real unemployment for the US, at 14.0%. However, that doesn't include long-term discouraged workers. And I don't know if that includes the prison population.

It seems as though the US has the worst employment numbers.