Real unemployment in the US is 17.2 percent
From TechCrunch, Mint explains how the labor department undercounts the real number:
Anton From Perm
Just another WordPress.com weblog
Subscribe
Categories
- Data analysis (4)
- Ignorance (2)
- Rails 3 (1)
- Regional Development (4)
- Uncategorized (5)
Tags
Blogroll
Follow me on twitter
Error: Twitter did not respond. Please wait a few minutes and refresh this page.
Well the “gave up looking” could be by choice anyway. The article isn’t clear about the distinction and methodology of differentiating between the two.
I like the twist of looking at the data this way. I’m more concerned with the part-time workers population. This is applicable to Russia even more than to US. A lot of my friends from uni have been left on unpaid vacation or transferred to part-time employment. Moreover, one of the most impressive examples of that is AutoVaz
In the end, I think it’s would be ok, if gov-t treated separately classically calculated unemployment level (so that it levels didn’t contribute to excessive pessimism on the market), but at the same time provided an official threshold for intolerable level of “part-time employment due to economic conditions”.
Fedor Novikov
December 5, 2009 at 9:47 pm