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Unemployment is defined as the percentage of people employed of those who WANT to work. It does not count those taking time off. That would be the UNDERemploy
by koheripbal 7y ago
Unemployment is defined as the percentage of people employed of those who WANT to work.
It does not count those taking time off.
That would be the UNDERemployment rate.
- extra88 7y agoI thought “underemployment” referred to people working less than full-time (or less than they want) and/or working at a job far below their skill level, e.g. a skilled machinist or college graduate working as a cashier. But yes, the standard unemployment rate that’s talked about does not account for a lower participation rate, people who could be working or looking for a job but aren’t.
- williamDafoe 7y agohttps://fred.stlouisfed.org/series/LNS12300060 https://fred.stlouisfed.org/series/LNS12300060 Clinton found a way to exclude all those pesky minorities. He renamed them from "minority" to "discouraged" workers and dropped them off the books! Pig ...