Do you realize how the unemployment rate is calculated?

If a person is out of a job for a certain amount of time, they come off the statistics. In other words, they are no longer considered unemployed.

Do you realize how the unemployment rate is calculated?signature loan

It%26#039;s measured by the number of people who are not employed and are seeking work. That can include someone who has been unemployed for a long period of time.

Do you realize how the unemployment rate is calculated? loan

Sorry but that%26#039;s rubbish.|||that not how it%26#039;s calculated|||People are unemployed if they are willing to do a job and are not able to find a job. If they are between jobs but still looking for a job they are unemployed. If they don%26#039;t look for a job, then they are no longer unemployed. They do not count in the labor force. It%26#039;s all economics.|||yes i do. no matter. apples to apples, they are low.|||Because they may be no longer considered part of the work force. The number is taken as a part of those who make up the work force, which isn%26#039;t everybody. Yes, I knew that.|||Sadly, that is true, the %26quot;stats%26quot; are gleaned from unemployment applications and recipients. After they have used up their eligibility, they are no longer included. Not to mention others who have never held employment enough to be eligible in the first place, or who elect to live off their friends/family and never apply.

But it is a rough estimate, perhaps the best measure that can be tracked.|||That sounds reasonable, one wouldn%26#039;t want to count retired people among those seeking jobs.|||That%26#039;s not true mate, they are consider %26quot;long term unemployed%26quot;. Although you may have heard something else that might be true. Sometimes the long term unemployed especially of older age are forced out of the labour market into early retirement (involuntarily) and in this case yes they are not considered unemployed any more (mind you this involuntariness is a debatable matter).|||%26quot;In economics, one who is willing to work at a prevailing wage rate yet is unable to find a paying job is considered to be unemployed. The unemployment rate is the number of unemployed workers divided by the total civilian labor force, which includes both the unemployed and those with jobs (all those willing and able to work for pay).

United States Bureau of Labor Statistics definitions

The U.S. Bureau of Labor Statistics (BLS) provides some definitions which are similar to, but not the same as, those of other countries.

The BLS counts employment and unemployment (of those over 16 years of age) using a sample survey of households.[2] In BLS definitions, people are considered employed if they did any work at all for pay or profit during the survey week. This includes not only regular full-time year-round employment but also all part-time and temporary work. Workers are also counted as %26quot;employed%26quot; if they have a job at which they did not work during the survey week because they were:

On vacation;

Ill;

Taking care of some other family or personal obligation (for example, due to child-care problems);

On maternity or paternity leave;

Involved in an industrial dispute (strike or lock-out); or

Prevented from working by bad weather.

Medical problems

Typically, employment and the labor force include only work done for monetary gain. Hence, a homemaker is neither part of the labor force nor unemployed. Nor are full-time students nor prisoners considered to be part of the labor force or unemployment.%26quot; (http://en.wikipedia.org/wiki/Unemploymen...