“Unemployment rate” is like “Nonprofit”.
It doesn’t mean what people think it means. “Nonprofit” is nothing more than a tax term. Unemployment rate has nothing to do with how many people are unemployed. It addresses how many people are accepting unemployment insurance payments.
Doesn’t non profit mean that a business does not pay out dividends? I know a non profit organization can earn a profit on operations, but I thought the distinction is that they aren’t allowed to pay out dividends if they do have a profit. Is that correct?