To: khelus
The jobless rate may be down from its recession peak of 10 percent, but much of this results from adults, discouraged by the lack of decent job openings, having quit altogether. They are neither employed nor looking for work.
If this is true, then the unemployment rate as reported by the gov is accurate. People no longer looking should not be counted.
2 posted on
07/29/2014 7:41:44 AM PDT by
DonaldC
(A nation cannot stand in the absence of religious principle.)
To: DonaldC
People no longer looking should not be countedWhy not?
This is a binary statistic. Perhaps there are other, better ones, but this is the one we are dealing with.
People who are no longer looking. Are they "employed"? If they are not, then they are "unemployed".
4 posted on
07/29/2014 7:44:24 AM PDT by
Jim Noble
(When strong, avoid them. Attack their weaknesses. Emerge to their surprise. Hat)
To: DonaldC
It is a legitimate unemployment number, DonaldC. From shadowstats:
The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers.
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