12-06-2015, 04:23 PM
(12-06-2015, 04:10 PM)tomh009 Wrote: In the US, the unemployment benefits run out quickly, so there is a large chunk of population that cannot find jobs but is no longer officially looking for work, so is not counted as unemployed.I'm be very curious to see a citation on that. I have a hard time believing that the US Census Bureau would honestly limit "unemployed" to only those who are receiving unemployment benefits.
Aha, that's such a common misconception, that the Bureau of Labor Statistics actually debunks it nearly first thing on this page:
http://www.bls.gov/cps/cps_htgm.htm#where
Quote:Some people think that to get these figures on unemployment, the government uses the number of people collecting unemployment insurance (UI) benefits under state or federal government programs. But some people are still jobless when their benefits run out, and many more are not eligible at all or delay or never apply for benefits. So, quite clearly, UI information cannot be used as a source for complete information on the number of unemployed.