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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you couldn't possibly be more wrong.
https://www.bls.gov/cps/cps_htgm.htm
What are the basic concepts of employment and unemployment?
The basic concepts involved in identifying the employed and unemployed are quite simple:
People with jobs are employed.
People who are jobless, looking for a job, and available for work are unemployed.
The labor force is made up of the employed and the unemployed.
People who are neither employed nor unemployed are not in the labor force.
Is there only one official definition of unemployment?
There is only one official definition of unemployment—
people who are jobless, actively seeking work, and available to take a job, as discussed above. The official unemployment rate for the nation is the number of unemployed as a percentage of the labor force (the sum of the employed and unemployed).