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Comment on the following statement:

"Someone who is not actively looking for work is not really unemployed."

 

Category : Economics | Answer: 1 22 Days Ago

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The answer to this question is student specific. The official unemployment rate only includes those in the labor force who are actively looking for work. Therefore an individual who has become so discouraged about finding a job that he or she is no longer actively looking for one is not officially counted as unemployed. However, one could argue that if the economy is so bad that jobs are almost impossible to find, a person may as well give up looking until economic conditions improve. This individual is not officially counted as unemployed but is nonetheless jobless. The Bureau of Labor Statistics therefore also measures alternative types of unemployment, including discouraged workers such as the one described above, workers who are only marginally attached to the labor force, and those who work part-time because they are unable to find full time employment.  

22 Days Ago
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