4 ms·
33% of working age men and 45% of women are not in the labor force. But the unemployment rate is 5.2%. Hmmm… seems legit.
by jl2718 5y ago
33% of working age men and 45% of women are not in the labor force.
But the unemployment rate is 5.2%. Hmmm… seems legit.
- CRConrad 5y agothe unemployment rate measures what proportion of people in the labo[u]r force don't have a job, so the proportion of all people who aren't in it is irrelevant. IOW, "unemployment rate" means percentage of job seekers not finding a job; people who aren't seeking jobs in the first place don't affect that, and those are in stead measured as "not in the labo[u]r force". HTH!
- jl2718 5y agoNot true. Lots of people “not in the labor force” are still looking for a job.