Dr. Findley addressed the unemployment rate in my economics class:
Unemployment Rate = (# of Unemployed) / (Labor Force) x 100
However, the BLS (Bureau of Labor Statistics) doesn't include certain categories of people among the number of unemployed workers, like full-time students, homemakers, and discouraged workers. Such discouraged workers are those who want work but have forfeited the job hunt, at least temporarily. Even the number of unemployed workers is restricted to those who have looked for employment in the past four weeks.
I didn't get the job with the math department on campus. But my economics class has taught me that being included in the unemployment rate means you haven't given up.
Unemployment (temporary) is a good thing especially if it results in graduating 8 months earlier.
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Hear hear!
DeleteWell said. Miracles are happening.
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