Measuring Unemployment

Unemployment figures can be very misleading. For instance, they can be adjusted after publication because of errors and short-term occurrences.

Other considerations must be part of the analysis. Such as job creation. Look at that alongside the unemployment figure. Other factors must always be considered as well:

One: The length of time folks are unemployed.

Two: The number of those taking unpaid leave from existing jobs.

Three: People who have given up looking for work.

Four: How many may have taken early retirement.

Five: The possible diminishing size of the average work week.

All of these affect what we see as unemployment.