Economics Question
Is a 5.7% unemployment rate really that high or is it just higher than it has been for a while?
Answers
677 points
Dragonsbane answered 3 months ago …
By historical standards, a 5.7% unemployment rate is actually rather low. But the way unemployment is defined has actually changed in recent years. The actual unemployment rate counting people who want a full time job but are working part-time and people who want a full-time job, but aren't looking because they don't think they can find one is closer to 10%.
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