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That number does not reflect those you seem to be referring to. The unemployment rate reflects the ratio of the number of people registered as beneficiaries of
by nokya 4y ago
That number does not reflect those you seem to be referring to. The unemployment rate reflects the ratio of the number of people registered as beneficiaries of unemployment insurance to the number of people registered as employed.
It does not include:
- those who don't work and can't benefit from unemployment insurance (e.g., anyone fired from work for misconduct,
- those who don't work and are not looking for work
- those who don't work and can't work
That makes much more people overall. A recent Pew research published in 2020 estimated that an estimated 29% of unemployed americans are included in that number.[1]
1.https://www.pewresearch.org/fact-tank/2020/04/24/not-all-unemployed-people-get-unemployment-benefits-in-some-states-very-few-do/ https://www.pewresearch.org/fact-tank/2020/04/24/not-all-une...
- nradov 4y agoNo, you don't understand how the BLS counts unemployed people. They are counted as unemployed even if they were fired for misconduct. https://www.bls.gov/cps/lfcharacteristics.htm#unemp https://www.bls.gov/cps/lfcharacteristics.htm#unemp