To be counted as unemployed you must be actively seeking employment. If you retire early, or are just a lazy fuck and don't want to work, you don't get factored into the unemployment rate. If you have failed to find a job, and just stop looking, then you don't get counted.
The unemployment rate is calculated by people who are looking for work, but cannot find any (other variables are there too, such as you must be over 16, not in jail etc).
See the economic concepts of full employment and types of unemployment
Last edited by wilbur; 09-05-2008 at 01:31 PM.
Saying things are fucked up because of the last two Bush administrations just reflects reality.
Watch how this country turns around by this time next year and you will finally realize how fucking retarded you were to vote for the schmuck - twice.
I guess it's valid that you would make such a post.Originally Posted by Cold Warrior
After all, I remember all these years when unemployment was below 5%, you were the first one to post congratulating the president on doing such an excellent job.
When the market was above 15,000, it was always you that started the thread thanking the president for the increase in your portfolio.
When Arsenal was dominating, you were always there giving props to Bush for organizing such a prolific team.
The president - no matter who it is - is not a market driver, but whether it ever got to 15k matters a lot to some of us.
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