Alternative measures of labor underutilization, seasonally adjusted, May 2007 and May 2008 (percent) Percent May 2007 May 2008 U-1 1.5 1.8 U-2 2.2 2.8 U-3 (official rate) 4.5 5.5 U-4 4.7 5.7 U-5 5.4 6.4 U-6 8.3 9.7 Definitions of U-1 to U-6 U-1: Persons unemployed 15 weeks or longer, as a percent of the civilian labor force U-2: Job losers and persons who completed temporary jobs, as a percent of the civilian labor force U-3: Total unemployed persons, as a percent of the civilian labor force (the official unemployment rate) U-4: Total unemployed persons plus discouraged workers, as a percent of the civilian labor force plus discouraged workers U-5: Total unemployed persons, plus discouraged workers, plus all other “marginally attached” workers, as a percent of the civilian labor force plus all “marginally attached” workers U-6: Total unemployed persons, plus all “marginally attached” workers, plus all persons employed part time for economic reasons, as a percent of the civilian labor force plus all “marginally attached” workers Terms used in definitions: Marginally attached workers are persons who currently are neither working nor looking for work but indicate that they want and are available for a job and have looked for work sometime in the recent past. Discouraged workers, a subset of the marginally attached, have given a job-market related reason for not looking currently for a job. Persons employed part time for economic reasons are those who want and are available for full-time work but have had to settle for a part-time schedule.