An aggrieved billionaire this week lamented that workers had grown lazy and "arrogant" during the coronavirus pandemic and that many of them needed to be made unemployed for the situation to improve.The Australian Financial Review reports that Tim Gurner, the founder and CEO of the Gurner Group, exp...
That’s nothing new. That’s how it’s always been defined. I’m not unemployed if I’m not looking for work. Otherwise housewives would be unemployed, disabled people, pensioners, etc.
The one weird part is people transitioning just are counted towards the unemployed numbers even though they have a job coming.
They expanded the definition 5-10 years ago at various times, which resulted in a lower reported rate.
You have a cite for that?
According to this it hasn’t changed since 1945 when it was defined.
https://www.pewresearch.org/short-reads/2017/03/07/employment-vs-unemployment-different-stories-from-the-jobs-numbers/#:~:text=Since 1945%2C the official definition,in the past four weeks.
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