Every month, sometimes more frequently, when the topic of unemployment comes up, someone will say "but they don't count those who gave up looking for work as unemployed...if they did, the real unemployment rate would be 1,000%!!!!!!!"
But no one ever anwers WHY you would want to count people not trying to work...or more precisely, some of the people not trying to work...as unemployed.
So which people not doing anything about work would you consider unemployed and why?
But no one ever anwers WHY you would want to count people not trying to work...or more precisely, some of the people not trying to work...as unemployed.
So which people not doing anything about work would you consider unemployed and why?