Quote:
Originally Posted by bossku69
Seems like that but thats not how the math is done.
unemployment rate = unemployed/(employed + unemployed) * 100
so the unemployment rate does not include retired, people who are not able to work, etc. so probably 9% reflects 1% of the population or so
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The official rate does not include people who have been unemployed for long periods of time either I believe. The way they come up with the official numbers is as much an art as it is a science. Maybe if more so...