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I know that unemployment is high but how does a shift from say 6% (arbitrary number as I'm not american so don't know the numbers) to 9% have such dramatic effe
by simonbarker87 14y ago
I know that unemployment is high but how does a shift from say 6% (arbitrary number as I'm not american so don't know the numbers) to 9% have such dramatic effects, if you spin it round and say that employment has dropped from 94% to 91% the stats sound pretty good - wrong direction change granted.
Jumping from 6% to 9% means half as many more are now looking for work.
I must be missing something somewhere so if someone can explain this I would very much appreciate it.