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Originally Posted by amonkie
Glava, just wanted to clarify one thing for you ( I'm an econ major and couldn't let this go unfixed 
- Unemployment is the sector of the population that IS unemployed and IS actively seeking a job. If they are NOT seeking a job, they are actually removed from the labor force pool. |
You are correct, and I mentioned in the original post that I am using unemployment in its layman's definition, not the economics definition:
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Originally Posted by Glava
One who is unemployed does not have a job AND is not actively seeking one, so perhaps i'm being redundant in the economics sense, but not in the plainspeech one.
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