The way the statistics are expressed, 5% unemployment does not mean 5% of the population.
It means 5% of the population that is in the workforce and is actively seeking work.
I don't recall the exact definition, but the point is, don't interpret the "5%" literally.
Quote:
Originally Posted by sammyg2
5%? We're getting excited about a 5% unemployment rate? I got news for ya, at least 5% of our population DOES NOT WANT TO WORK!
5% is nothing. If it hits 8% we need to start worrying.
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