Obamanation
Silver Member
- Sep 6, 2012
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Ummm there's no time limit on being unemployed. No long term unemployed are excluded from either numerator or denominator.
That is incorrect. The BLS excludes long term unemployed who have just plain given up looking for a job from the workforce. In order to be counted as part of the workforce, an individual must indicate they want a job or are available for work. People who have given up are not counted. Not counting them is disingenuous as many driven to that state wouldn't feel that way if they economy weren't so horrible.
I do hear this a lot but I've always wondered: where do they go?
If they give up looking for work, it's because......... what? They didn't really need the money anyway? Did they suddenly become independently wealthy? Or did they just give up looking for work and now they sit at home and starve to death?
No way this is a serious question, right? You can't be this dense...