The Falacy of the Unemployment Rate
source: http://seekingalpha.com/article/117296-true-unemployment-rate-is-not-reflected-in-government...
-
-
- JonRaymond
- added this
Actual unemployment rates are at least twice what the government reports due to the inadequacy of their ability to poll all the people without jobs and not just those collecting unemployment insurance.
The more people become disqualified for unemployment but remain unemployed; the higher the actual rate will climb, the more people will be excluded from the official unemployment rate, and the less accurate and more understated the official numbers become.
The more people become disqualified for unemployment but remain unemployed; the higher the actual rate will climb, the more people will be excluded from the official unemployment rate, and the less accurate and more understated the official numbers become.
-
- groups:
- Community
-
- tags:
- Economy, Government, Jobs, Unemployment, 2 more
-
-
blackheartman
-
Right on, Jon. What do the new, lower UE figures really tell us? Only that more have gone past the time limit for collecting UE, not that they've miraculously become employed.
- 2 years ago
-
blackheartman
