Why the jobless percent means nothing
You might be thinking that the jobless percent tells us how well the country is doing, unfortunately you would be dead wrong. The jobless percent is a statistic of the amount of people that have been out of a job for about one year's time, and are still actively looking for a job.
People that no longer receive income from the jobless bureau are tallied off, this means if you can't find a job one year after being canner, or released, you don't count towards the jobless statistic anymore.
In effect, the percent might be an all time low 7.8%, in reality it's more like 15% , solid and unfortunate. Let's not forget that in the eyes of the people, the homeless are no longer tallied either. So, don't even for a second think the economy is getting better.
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People that no longer receive income from the jobless bureau are tallied off, this means if you can't find a job one year after being canner, or released, you don't count towards the jobless statistic anymore.
In effect, the percent might be an all time low 7.8%, in reality it's more like 15% , solid and unfortunate. Let's not forget that in the eyes of the people, the homeless are no longer tallied either. So, don't even for a second think the economy is getting better.
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