Comment on Watch: Billionaire CEO says unemployment 'has to jump' to put 'arrogant' workers in their place
wintermute_oregon@lemm.ee 1 year agoThat’s nothing new. That’s how it’s always been defined. I’m not unemployed if I’m not looking for work. Otherwise housewives would be unemployed, disabled people, pensioners, etc.
The one weird part is people transitioning just are counted towards the unemployed numbers even though they have a job coming.
squiblet@kbin.social 1 year ago
They expanded the definition 5-10 years ago at various times, which resulted in a lower reported rate.
wintermute_oregon@lemm.ee 1 year ago
You have a cite for that?
According to this it hasn’t changed since 1945 when it was defined.
pewresearch.org/…/employment-vs-unemployment-diff….