Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
But we make the same type of calculation in Europe. It is perfectly fine to try to estimate 'people looking for work'. A high labor participation rate does not have to be a sign of a healthy economy.

Of course we should always look at several indicators. e.g. both U1 and U6 and so on.

by rz on Mon Apr 20th, 2015 at 09:12:53 AM EST
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