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Unemployment is just one of several metrics which need to be viewed together to get a proper picture. Labour participation, Unemployment, underemployment, e& n
by BunsanSpace 6y ago
Unemployment is just one of several metrics which need to be viewed together to get a proper picture.
Labour participation, Unemployment, underemployment, e& need to be considered at the same time.
low unemployment, but low labour participation? -> people have stopped bothering to look for a job not good.
low unemployment, but high underemployment? -> people are desperate and looking for anything, not good either.