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How do you propose such statistics be collected if these people have given up and are no longer looking for a job and are no longer receiving unemployment benef
by mnm1 8y ago
How do you propose such statistics be collected if these people have given up and are no longer looking for a job and are no longer receiving unemployment benefits? I assume this is why the unemployment rate doesn't include these people and therefore doesn't ever reflect reality.
- sillyquiet 8y agoI see. So you just feel like there are millions of such people, and don't have any actual facts to back that statement up. And there is a statistic that does capture those kind of discouraged workers, it's the U6 unemployment rate. https://www.investopedia.com/articles/investing/080415/true-unemployment-rate-u6-vs-u3.asp https://www.investopedia.com/articles/investing/080415/true-... And like I said, the U6 numbers do not reflect your original statement that millions of people gave up during the recession and have not worked since.