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Depending how you calculate it, that's not necessarily true. Reported unemployment numbers are calculated as a percentage of people who are actively working or
by darkerside 7y ago
Depending how you calculate it, that's not necessarily true. Reported unemployment numbers are calculated as a percentage of people who are actively working or seeking work. It's possible for the denominator to increase for some reason (like more people needing to find work due to state and federal aid drying up).
Said another way, the current workforce is 25% unemployed. If that corresponds to 5m out of a potential workforce of 25m, but the workforce increased to 100m, unemployment could increase 10x to 50m, while only doubling as a percentage.
And I just looked it up and these numbers are totally detached from reality, but I've written too much to delete now, so I'm just going to publish it! (And besides, I think it's still useful to question what's behind statistics)
- ARandumGuy 7y agoPart of the issue is that the Bureau of Labor Statistics reports six unemployment numbers, all with different standards for what constitutes 'unemployment.' All of these numbers are useful, but often people throw around different numbers without explaining which unemployment number they're actually talking about, which can result in seeing wildly different numbers. Source: https://www.bls.gov/lau/stalt.htm https://www.bls.gov/lau/stalt.htm