What's the insured unemployment rate? In a Trendlines magazine article, economist Lecia Langston writes:
There is another unemployment rate that is based on hard numbers—not a survey. However, the little-known insured unemployment rate (IUR) rarely sees the media light of day. The insured unemployment rate is calculated by dividing the number of individuals making a weekly claim for unemployment insurance benefits by the number of jobs covered by unemployment insurance laws (covered employment). These figures will not include noncovered agriculture, the self-employed, folks who haven’t worked long enough to establish a claim, etc.Read the full article, click here.
