The good life

Some random thoughts and observations about life here and elsewhere

Thursday, October 18, 2012

The other unemployment rate

This is from CNN and maybe you've read it, but in case not, I'll post it here. I think it illustrates pretty well how facts and figures such as the "unemployment rate" can be skewed by political parties for their own purposes.

"About 5% of the adult population is "unemployed" in the technical sense of the word, meaning they don't have jobs but they looked for one in the last four weeks. Another 3% want a job but haven't search for one for at least a month.
That leaves about 82 million people who simply don't want a job. About 60% of them are either over age 65 or under age 25. Presumably, many are retirees or full-time students.  But the rest are in their prime working years, between ages 25 and 65. Some could be stay-at-home parents, or people who can't work due to health problems. The wealthy day trader who lives off his investments is in this category too."  As are others.




Posted by MuddyValley at 9:02 AM
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