If an american worker loses their $50,000 a year job, and is unable to find an equivalent job paying as well right away and takes another job making $30,000 a year to get by, is he considered unemployed when unemployement statistics come out? How about if such a worker looks for a job unsuccessfully and decides his best course of action is to try starting his own business to make ends meet, but of course is taking a financial chance and is struggling to get by on less income while the business is in its infancy? Is he reported as unemployed when unemployment stats come out? How about if same worker looks and looks for a job for a long time and gets unemployment which eventually runs out, and no longer reports himself as unemployed sits at home and does nothing...is he reported as unemployed in unemployment statistics?
If they say unemployment is 4% or whatever what is the real percentage of actual americans who are really unemployed?
2007-11-02 06:54:31 · 4 answers · asked by Anonymous in Politics & Government ➔ Politics
They redefined unemployment as soon as Bush hit the white house . They also have tried to classify every document as top secret preventing the public from knowing what is going on and they have created a climate in which millions of jobs continue to be lost each year replacing them with more low paid service jobs of an unskilled nature .
This is why our educational system is in its current condition .
2007-11-02 07:02:37 · answer #1 · answered by TroubleMaker 5 · 1⤊ 0⤋
The unemployed figure is for those without a job and looking. It does not count 'under-employed'. A business owner operating a business is employed.
That said, there are statistics that address under-employment. Month to month there are wage statistics as well as employment statistics. When wages fall, or do not grow at the same rate as employment, that is an indication of under-employment. Real wages have been flat or going down when adjusted for inflation, so under-employment is real. Of course the politicians will pick and choose the figures they want, and never the whole picture.
2007-11-02 14:04:22 · answer #2 · answered by jehen 7 · 1⤊ 0⤋
No. Unemployed means without a job, not with a job that just pays less.
Unemployment consists of those who report and just can't find a job. Even if he sits at home and does nothing, he's still unemployed.
2007-11-02 13:58:07 · answer #3 · answered by FaZizzle 7 · 0⤊ 0⤋
3-4% is the reported unemployment rate. if a person does not register themselves for unemployment benefits, they are not counted in this percentage.
the real # is probably more like 5-6%
2007-11-02 14:00:04 · answer #4 · answered by Free Radical 5 · 0⤊ 0⤋