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From the whitepaper: "Furthermore, LISEP calculates the “True Rate of UnemploymentOut ofPopulation”, using the same statistical definition of True Rate of Empl
by Miner49er 6y ago
From the whitepaper:
"Furthermore, LISEP calculates the “True Rate of UnemploymentOut ofPopulation”, using the same statistical definition of True Rate of Employment, but instead taking this number from the entire working-age population (aged 16+) rather than the BLS-defined labor force."
So am I right that this includes retirees, college students, kids still in high school, stay-at-home parents, etc? Doesn't seem super useful.