Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
It's not that they're fudging the numbers.  That's just how that particular unemployment measure is put together.  Other ones -- U-6, for example -- will take account of it, I believe.

But, yeah, you read it right.  When people stop looking for work, they're no longer counted as unemployed, which is why unemployment usually shoots up at the beginning of a recovery (since they're reentering the labor market).

Be nice to America. Or we'll bring democracy to your country.

by Drew J Jones (pedobear@pennstatefootball.com) on Sat Oct 4th, 2008 at 09:11:01 AM EST
[ Parent ]

Others have rated this comment as follows:


Occasional Series