Quote:
Originally Posted by wdmso
10 jobs are available only 5 people work those 10 jobs 2 jobs each p
the rate of unemployment of those 10 jobs is reported as Zero
Same 10 Jobs same 5 people only working 1 of the 10 whats reported ??? it has an effect most likely statistically insignificant..
kinda of like your argument Warren pay equals higher cost to students most likely statistically insignificant. you were selling ..... but her Ideas crazy ok
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The number of jobs isn't an ingredient of the unemployment calculation. Unemployment is, roughly speaking...
the number of people looking for work who are not employed...
divided by...
the number of people working, plus (I think) the number of people looking but not working.
If everyone who works takes a second job, that doesn't change the unemployment percentage. because no one is now working, who was previously unemployed.
unemployment decreases, when someone who wasn't working yesterday, gets a job today.