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> A longstanding criticism of the reported unemployment numbers is that it doesn't take into account those who have given up / dropped out of the labor force.
by throw0101a 5y ago
> A longstanding criticism of the reported unemployment numbers is that it doesn't take into account those who have given up / dropped out of the labor force.
You're not wrong, but that's why measure like the participation rate exist:
* https://fred.stlouisfed.org/series/CIVPART https://fred.stlouisfed.org/series/CIVPART
Though (working) age also has to be considered:
* https://fred.stlouisfed.org/series/LNS11300060 https://fred.stlouisfed.org/series/LNS11300060