To: in hoc signo vinces
BEA? Why not BLS? "Persons are classified as unemployed if they do not have a job, have actively looked for work in the prior 4 weeks, and are currently available for work."Bureau of Labor Statisics
posted on 06/15/2006 8:46:48 AM PDT
The real question is what "labor component" is left out of the determination, which is the point. I understand "who" is considered unemployed...but the question put forth was "Is there a componenet of "unemployed" labor left out of the unemployment rate calculation?"
Yes, the BEA. w/o regard to the BLS, tracks all national economic statistics from manufacturing output to labor. usage...
posted on 06/15/2006 9:04:44 AM PDT
by in hoc signo vinces
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