Unemployment is defined as the percentage of people employed of those who WANT to work.
It does not count those taking time off.
That would be the UNDERemployment rate.
It does not count those taking time off.
That would be the UNDERemployment rate.
But yes, the standard unemployment rate that’s talked about does not account for a lower participation rate, people who could be working or looking for a job but aren’t.
Clinton found a way to exclude all those pesky minorities. He renamed them from "minority" to "discouraged" workers and dropped them off the books! Pig ...