Quote:
Originally Posted by Rick Lee
BTW, are you suggesting that, because there are plenty of folks whose employment we can't track, we must assume the actual numbers to always be worse than reported? Why not better?
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Yes. This is a brute fact. The "unemployment rate" is a subset of the population of people who are not working. It is also a subset of the population of people who could work, and would work, but simply do not have jobs. It is one of those statistics that is, by definition, an understatement.