How is the rate calculated? It may come as a surprise that according to the federal government, an out-of-work person who put in an application at every place in town more than thirty days ago, who scours every available newspaper's want ads every morning, and who visits every job search website on the web with no luck is not counted as unemployed. ... MOREChris W. Bell: Understanding Unemployment Statistics
How is the rate calculated? It may come as a surprise that according to the federal government, an out-of-work person who put in an application at every place in town more than thirty days ago, who scours every available newspaper's want ads every morning, and who visits every job search website on the web with no luck is not counted as unemployed. ... MORE