A person can only be on unemployment for so long. After a few month a person is kick off unemployment and is no longer listed as unemployed. But that person is still unemployed they are just not counted by the government. So that would make the current unemployment rate incorrect? Right?
Unemployment rates incorrect?child tax credit
Correct. And people who are employed only part time are still counted as employed. And people who activly looked for work within 4 weeks prior to the date the rate was counted are considered employed.
In 2004 there were 5 million part time workers who wanted to be employed full time Total (official) unemployment for Jan 2004 was 8.9 mill. not included in this number was 4.9 part time workers, and 2 million that had not looked for work in the prior 4 weeks. if these are added the unemployment rate would actually be around 10%. Sufficient to scare the crap out of all americans. and crating a huge surplus of Labor!
Unemployment rates incorrect?
loan
Very much so. It has been that way for a long time.Its one of the things that need to be changed.|||You are absolutely correct. The government uses %26quot;reported jobless claims%26quot; as their tally, which does not take into account those whose benefits have run out, nor those who have never gotten a job yet. It%26#039;s probably double the number reported.|||I agree.|||Correct, and a similar formula is used in calculating who does not have health insurance coverage.
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