number of people collecting unemployment /. total number of citizens = current unemployment rate
I realize this is bs, as kids and old folks shouldn’t be counted in the total employable. yet, that’s what we have now
to get the actual unemployment rate:
number of people collecting unemployment / number of people filing w-2s
this won’t account for the number of people no longer working or those not filing, but it’d be closer then the numbers they’re reporting
Not true.