3 ms·
Did you just subtract the values in the original chart from 100%? If so, that's not the actual employment level. Unemployment means seeking work but not finding
by etal 16y ago
Did you just subtract the values in the original chart from 100%? If so, that's not the actual employment level. Unemployment means seeking work but not finding it; it excludes everyone who is disabled, discouraged, or simply not looking for work (e.g. full-time moms).
The overall unemployment level in the U.S. is a little under 10%, but the employment level is somewhere around 65-70% (iirc). So 20-25% of the population is still unaccounted for in this figure. A chart breaking that down by education might be interesting, too.
- jacquesm 16y ago> disabled, discouraged, or simply not looking for work (e.g. full-time moms). Ah ok, I wasn't aware of that distinction (I figured they'd been taken out). Still, the larger point stands, the difference looks huge when you look at this graph, but it is 'upside down', we're talking about the tops here, not about a base 0 reaching to 15%, but a base 0 reaching to 100% where this is the remnant between the tops and the maximum. What you're saying is that the maximum should have been 80% or 75% instead of 100%.