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Politics : Formerly About Advanced Micro Devices
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To: J_F_Shepard who wrote (920548)2/11/2016 4:05:31 PM
From: TimF  Read Replies (1) of 1573765
 
I agree with Irwin that there are a lot of ways to calculate unemployment. It has "official" definitions, but there are multiple versions of those, and the concept isn't rigidly limited to what those cover.

I personally wouldn't include (as some definitions do) involuntarily part time people as unemployed. Anyone with a job (or running a business) shouldn't count as unemployed.

To accurately categorize the employment situation you would probably need multiple stats.
A percentage of the population for each.
Employed full time.
Business owners
Voluntarily part time
Involuntarily part time
Not employed and currently or recently seeking work
Not employed and not seeking work, above age 16
Children (under 16)
Retired (at any age)
Retirement age (65+ or whatever) and retired
Disabled (which for some means very seriously disabled, for others it can be an alternate method of welfare)
Maybe a few more categories.

But that's too many stats to deal with in political soundbites, or even short news stories.
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