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No, the Long-Term Jobless Aren’t ‘Catching a Break’

Discussion in 'Economy' started by ethics, Jun 27, 2014.

  1. ethics

    ethics Pomp-Dumpster Staff Member

  2. Greg

    Greg Full Member

    I'm done discussing unemployment statistics. They're meaningless, and they are subject to manipulation.

    The meaningful statistic is workforce participation: the percentage of able bodied people who actually hold jobs. If you want to be really accurate, adjust the figure to account for hours per week. 40 hours counts for 1 job, 30 is 3/4 job, 20 is 1/2 job.

    Is the glass half full or is it half empty? The glass has nothing to do with it. It's the amount of liquid no matter what size the container.
     

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