The IDEA effective unemployment rate

Today, Monday, IDEAeconomics released the first IDEA effective unemployment rate. 9.8% Headline, 15.9% All-In (U-6). The IDEA effective unemployment rate resolves into one number the conflict between offical rates and the workforce participation rate.

Confusion is unnecessary. Both numbers measure the same thing in different ways. The IDEA effective unemployment rate captures what we observe in our everyday experience, but is obscured by official figures.

Look for it monthly on the day of the release, and follow us on Twitter @IDEAeconomics to get the effective rate in real time. Look at our discussion at IDEA effective unemployment rate.