A ten.5% rate of unemployment is 1 / 2 of one percentage point below what economist call, “The Natural Rate of Unemployment.” Therefore, based on the unique pair of BLSdata, employment in the U.S.might be observed as great news, proper? No, wrong — because the information selected include only individuals who were actively seeking a job; contacted potential employers; had been job interview; sent out resumes, responded job advertisements, etc., in order to four weeks before reporting for social security importance. Thus, selecting this particular sounding the unemployed (U1in table below), eliminates millions of unemployed persons; e.g., persons who are discourage and gave up looking to acquire job the ones working part-time, but seeking a full-time job.