That’s amazing when related to the population of entire countries ..
I wonder if the demographics of this number include stay at home spouses, retired, honestly disabled, those unemployed that have exhausted their benefits and those unemployed still receiving unemployment checks ?
When unemployment numbers are presented I would like to know who is really counted. Disabled 100% , Retirees, stay at home spouses, those in college, IMHO shouldn’t be counted as unemployed.
I believe if only those that are receiving unemployment checks are counted. The numbers are invalid.
If the count includes those that voluntarily stay out of the work force via retirement, stay at home spouse or those that choose to attend college versus work then the numbers are invalid as well.
Then again if a polidiot or presstitute presents any number to us we can’t believe they are valid.
Our population as of the 7-2011 census was reported to be 311.5 million vs 87.8 million not in labor force .
Damn ...
To my knowledge its people eligible to work who have not sought work in a period of time,something like a month. Not disabled as we know they collect disability. I do not believe they count either a housewife who does not have a job(Yes ladies,i know and appreciate you have the hardest job of all.)
People officially retired are not to my knowledge counted either.
Don’t forget. They take these people out of the labor force as well which drives down the headline unemployment rate.
On the cuff simple math using smaller numbers than the government has to work with.
A nation of 150 people of which 100 comprise the labor force. 92 have jobs and 8 don’t so the unemployment rate is 8%. Fast forward. Some of the 50 not in the labor force were children now in in. Others in it retired. The economy is horrible. There are 100 people eligible to work again. 47 are working. 53 lost their jobs months ago. Of those 50 3 sought work in the last month. The labor force then is 47 working and 3 seeking work. Thats 50 people. 3 sought work so 3 is to 50 is the same as 6 to 100. The unemployment rate is now 6%. The population is unchanged. The number of workers shrunk from 100 to 47. The headline unemployment rate is 6%. The number that really counts would be 53 out of 100 or 53% unemployment when you put all the bodies in.
Thats how it works short and sweet.