How Is The Unemployment Rate Calculated?
November 3, 2009 by admin
Filed under Getting Ahead
As of October 2009, more than 15 million Americans were out of work, and the unemployment rate in the United States was listed at 9.8%.
But who counts as unemployed, and how exactly are unemployment statistics determined?
It’s not what you think
A common misconception of the unemployment rate is that it measures how many Americans are currently collecting unemployment benefits from the government. This is incorrect for a number of reasons. Primarily, not everyone in the country who is eligible for unemployment is actually receiving unemployment benefits. Secondly, many people who are unemployment could have run out of unemployment benefits.
The United States unemployment rate …
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