TheRealMafoo on 22 July 2010
| JWS said: The unemployment rate in america is figured by counting the people receiving unemployment benefits. |
Sorry, but that's not how it works.
http://www.bls.gov/cps/cps_htgm.htm
You can get an unemployment check, and not be looking for a job. If you are not looking for a job, you are not part of the equation. So if you have a country of 3 people, 1 working, 1 looking for a job on unemployment, and 1 not looking for a job on unemployment, your unemployment rate would be calculated at 50%, not the 66% it should be.
