2007-11-16 11:12:36 · 3 answers · asked by Kelly 1 in Education & Reference ➔ Homework Help
In my opinion the most misleading thing about it is that when people have been unemployed for 6 months their unemployment benefits run out and they are no longer counted as unemployed.
2007-11-16 15:06:56 · answer #1 · answered by Tim C 7 · 0⤊ 0⤋
well....crap i can pull from the top of my head would be maybe....
1) it includes a phD working at McDonalds....you could have high employment but everyone isn't where they're supposed to be, they're underemployed.
2) Black market, baby! I know a lot of people who work for cash only....and they don't report it.
In particular in 3rd world countries, a lot of people may technically not have 'jobs' that are recorded, but they're still bartering away this and that, fishing and stuff
3) there are generally two types of unemployed people, those who get jobs quickly (within a week or a month) after leaving their first job, and those who are searching for months or years. If Person A is unemployed for one month and person B for 12 months....the unemployment rate says the average is about 6 months.....which compleltey under/over represents, depending on who you're talkign about.
But such is life. And i could be wrong....just thinking back to econ years ago....
2007-11-16 11:21:25 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I thought it was. That's new to me.
2007-11-16 11:15:54 · answer #3 · answered by Dash 7 · 0⤊ 0⤋