What is the real U.S. Unemployment Rate? Many times on the news they say the real unemployment rate is this or another news source says its another thing so who's really right. Officially the U.S. unemployment rate is 6.2 but the way they calculate it is not always accurate. The unemployment rate is calculated by averaging results from eight separate samples of the population, the theory says that the eight groups should have the likelihood of being unemployed but the don't.
In the first half of 2014 the newest group was 7.5% and the oldest was 6.1%. A gap of 1.4% is pretty big, they need to find a better way to calculate unemployment, because a 1.4% gap is way to high. Depending on which place you look the unemployment rate could be a lot higher than what the official average says but different sources calculate it differently so it is best to go of the official average.
http://www.businessweek.com/articles/2014-08-27/whats-the-unemployment-rate-new-research-suggests-we-have-no-idea
I always knew that the official unemployment rate (6.2%) was off, but I only thought it was off by 0.1%-0.2%. 7.5% seems high, yet a lot of people gave up looking for work, then I guess this rate is possible. What rate is rate?
ReplyDeleteWhatever the rate is, unemployment in this country is disappointing. Of course, it is an inevitable thing but if you look at the numbers, 6-7% is a lot of people.
ReplyDeleteA high unemployment rate is never good. On the bright side, it is a lot lower than it was a couple of years ago. Also, it has been decreasing from year to year which is good. I feel the problem is that people are content with collecting unemployment, so they just don't try to find a job.
ReplyDeleteI agree with you about some people being content with collecting unemployment, if you can make more money on unemployment than an actual job why try and find work
DeleteThe unemployment rate in this country is not very good at all, but the government is taking the proper steps to decrease unemployment. The steps are working, it will just take some time.
ReplyDeleteThis article shows how bad unemployment is and how it negatively affects the economy as a whole.
ReplyDeleteI agree with Tyler as far a people being content collecting unemployment, often times they have a greater income on unemployment than they would have working, so what incentive would there be to look for a job?
ReplyDeleteI think that all these people should just get up and stop being a lazy bum and get a job. Because that number is crazy come on Merica!!!! ��������������������������
ReplyDeleteMost of these people probably are too lazy to get jobs. In a country as large as this there has to be jobs out there. People just do not make an effort to find them.
ReplyDeleteThe issue is that for a long time america was where everything was made. Over time though Asia started to take over. We lost jobs that need unskilled workers. That hurts us.
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