pinqy
Gold Member
The International Labour Organization lists Unemployment as:
"Persons in unemployment are defined as all those of working age who were not in employment, carried out activities to seek employment during a specified recent period and were currently available to take up employment given a job opportunity,"
Resolution concerning statistics of work, employment and labour underutilization (2013)
The U.S. defines unemployed as:
"All persons who had no employment during the reference week, were available for work, except for temporary illness, and had made specific efforts to find employment some time during the 4-week period ending with the reference week. Persons who were waiting to be recalled to a job from which they had been laid off need not have been looking for work to be classified as unemployed." How are the labor force components (i.e., civilian noninstitutional population, civilian labor force, employed, unemployed, and unemployment rate) defined?
And yet many people disagree with these definitions and hold that some/many/most/all of those not working, regardless of effort to find work, should be classified as unemplyed.
WHY?
What information about the labor market...about how much available labor isn't being used, would that tell you?
"Persons in unemployment are defined as all those of working age who were not in employment, carried out activities to seek employment during a specified recent period and were currently available to take up employment given a job opportunity,"
Resolution concerning statistics of work, employment and labour underutilization (2013)
The U.S. defines unemployed as:
"All persons who had no employment during the reference week, were available for work, except for temporary illness, and had made specific efforts to find employment some time during the 4-week period ending with the reference week. Persons who were waiting to be recalled to a job from which they had been laid off need not have been looking for work to be classified as unemployed." How are the labor force components (i.e., civilian noninstitutional population, civilian labor force, employed, unemployed, and unemployment rate) defined?
And yet many people disagree with these definitions and hold that some/many/most/all of those not working, regardless of effort to find work, should be classified as unemplyed.
WHY?
What information about the labor market...about how much available labor isn't being used, would that tell you?