3 ms·
Remember that people that are not employed are only considered "unemployed" in that metric if they have been "looking for a job". If you stop looking for 4 wee
by llanowarelves 4y ago
Remember that people that are not employed are only considered "unemployed" in that metric if they have been "looking for a job".
If you stop looking for 4 weeks, you're not employed but not "unemployed" (in their numbers).
- mywittyname 4y agoDepends on the which level of unemployment you cite. But the thing is, it doesn't really matter which level of unemployment you look at, since they all have the same trend, just at a different scale. The BLS collect and categorizes this data in every conceivable way. You can see, for example, that the duration of unemployment is actually quite low compared to previous recessions: https://www.bls.gov/charts/employment-situation/duration-of-unemployment.htm https://www.bls.gov/charts/employment-situation/duration-of-...