Quote:
Originally Posted by aceventura3
I agree there are problems with the way we measure unemployment.
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Ditto. If anything the concept of Labour Force should equal everybody who's not too young, or too old, disabled, postpartum... well you get the point, just not being 'discouraged'. When 3 out of 5 of your neighbors don't work it was always tough buying into the old 'unemployment in Canada last year was 7%' stats you'd see in econ.
interesting story I came across a little while ago:
here
EDIT: ...and Baraka Guru, that would be a very crazy scenario. Who knows how much longer this is going to go on for. I can't remember when I first started hearing predictions that the end was over and that we were going to be going back up soon. Darn it. Next recession I'm clipping the first dubious media article I see that says "oh yea this is all pretty well over, the economys going to go back up now anyday now".......