Something Interesting - Why are we studying this? |
205,000 jobs created in March, 2016, but the unemployment rate increases. WHY?.
How can there be both more jobs and more unemployment ?This news article linked below also says: "the increase in the unemployment rate is actually a good thing". How can that be?Read the first five paragraphs of the article linked below to find out.http://www.huffingtonpost.com/entry/march-jobs-report_us_56fe6c5de4b0a06d58056916
Most economists will say that when the U.S. economy achieves an UE rate of about 5%, then we have achieved full employment. Five percent unemployment in the U.S. is about eight million people unemployed and THAT is full employment. How can that be?Who is counted when they calculate the unemployment rate? And who is not counted?Watch the short YouTube video linked below.The Unemployment Game Show: Are You *Really* Unemployed? from Mint.com 2:10 |
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