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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: JakeStraw who wrote (80761)3/11/2010 8:05:41 PM
From: TimF   of 224750
 
The real number is not 17 or 18%.

"Real number" is oddly a very squishy term despite sounding so solid, because it can mean different things.

It could mean the headline figure for unemployment as its commonly understood which is indeed about 10%.

It could mean the number of unemployed, plus discouraged workers who would like to have a job, but have stopped searching for one. That's more than 10% but isn't 17-18%.

The 17-18% number includes involuntary part time employees. They are employed, so by definition they are not unemployed.

Of course you could say 17-18% is the real unemployed + underemployed number.

Well you could get an even higher number. Anyone without a job is in a sense technically unemployed, even if they have no desire or even ability to work. So babies, young children, retired people, stay at home moms or dads, lazy trophy wives of rich men, students, etc. would all be unemployed, and you would have a larger rate; but that's not what most people think of when they think of the unemployment rate.
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