How Useful is the “Unemployment Rate”? Five Humans Who Don’t “Count”
United States (FEE) – The official “unemployment rate” in the US is nearing historic lows, according to a recent announcement. For young readers, especially, this may come as a surprise. You may see your friends and family struggling to find enough well-paying work to make ends meet, and you may have personally experienced the frustration of wanting a job but not finding one. Your experience may not be as out of the ordinary as the official numbers indicate. The “unemployment rate” is the result of assumptions and calculations by the…
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