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To: zek157
Therefore, the calculation of unemployment by this measure is 42.9 percent.

So by that measure 10 year old middle school students are unemployed? Eighty-year-old retirees are unemployed? Stay-at-home moms are unemployed? People medically incapable of working are unemployed? Because the only way you can come up with at 210 million adult figure is to reduce the definition of adult to well below 16. And the only way you can calculate that unemployment rate is to include the people I mentioned.

64 posted on 09/28/2015 1:29:21 PM PDT by DoodleDawg
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To: DoodleDawg
So by that measure 10 year old middle school students are unemployed? Eighty-year-old retirees are unemployed? Stay-at-home moms are unemployed? People medically incapable of working are unemployed? Because the only way you can come up with at 210 million adult figure is to reduce the definition of adult to well below 16. And the only way you can calculate that unemployment rate is to include the people I mentioned.

No, no, maybe, maybe. And how are you crunching that number? there are about 320Mil US citizens. Quick Google search shows about 65-70Mil to be under 16. so that gives us 250Mil. there's maybe 30Mil or so of college age. BUT! anyone who is in college or high school, and has a part time job is considered employed, and not all of those people at that age are even in college. So maybe 5Mil just-students? So to get to your number, we have 45 or 50Mil retires/stay-at-home moms. I haven't seen too many moms who don't hold at least some kind of job on the side, or helping with the family-owned business. As for retirees, they aren't considered unemployed unless they are looking for a job. They're considered 'not in the labor force'.
75 posted on 09/28/2015 4:06:33 PM PDT by Svartalfiar
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