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  • Added for You - Explaining The Unemployment Rate: Facts and Myths

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    the unemployment rate is quoted as 5 percent, it does not mean that 95 out o
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    To the layperson the unemployment rate may be one of the most misunderstood economic indices. The unemployment rate is not a measure of the percentage of people that do not have a job. It is a measure of the percentage of the labor force that doesn’t have a job but are actively looking for work. So, if the unemployment rate is quoted as 5 percent, it does not mean that 95 out of
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    economic indices. The unemployment rate is not a measure of the percentage of people that do not have a job. It is a measure of the percentage of the labor force that doesn’t have a job but are actively looking for work. So, if the unemployment rate is quoted as 5 percent, it does not mean that 95 out o
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    f people that do not have a job. It is a measure of the percentage of the labor force that doesn’t have a job but are actively looking for work. So, if the unemployment rate is quoted as 5 percent, it does not mean that 95 out o
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    bor force that doesn’t have a job but are actively looking for work. So, if the unemployment rate is quoted as 5 percent, it does not mean that 95 out o
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    the unemployment rate is quoted as 5 percent, it does not mean that 95 out of every 100 people are working. It could mean, for example, that out of every 100 people, 60 are working, 35 are not working and don't want to be working, and 5 are not working but are actively looking for employment. That’s the key; someone must be actively looking for work to be listed as unemployed in

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