Why "Unemployment" Does Not Really Tell Us Employment


by Noah on Jun 4, 2014 | Views: 63 | Score: 2
Reported Unemployment RateUnemployment Rate with Unaccounted Job-Seekers
April 20074.54.9
200855
200999.4
20109.911
20119.111.4
20128.210.9
20137.510.5
April 20146.39.9
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Noah
Noah on May 12, 2014 4:22 PM said:

The unemployment-rate calculates the number of Americans working or actively seeking employment. However, as there are nearly three job-seekers for every available job, thousands have given up looking for work-- even though they'd like a job. As such, the official unemployment-rate has declined significantly more than the real un- or under-employment in the country.

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