ECM on 05 October 2012
| JazzB1987 said: How accurrate is ths? In germany for example only people that are registered as LOOKING FOR A JOB count as unemployed. So if you live under a bridge or on a park bench. You are not counted. |
It's basically the same here, which is a big part of the problem.
We only count those looking for a job--if you leave the labor pool, even though you want (but can't find) a job, you don't exist, so this artificially depresses/enhances the numbers even when the economy is doing well, which is why you hear the 10%+ number thrown around often because, alas, it's more accurate than the massaged numbers that work to politicians'--of both parties, depending upon who is ascendant-- advantage and no one else's.
