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Originally Posted by The One and Only...
I thought unemployment encompassed all of those who do not work, for whatever the reason.
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I know you did. That's why I tried to explain it to you.
The unemployment rate is the number of unemployed people divided by the total labor force, which as it turns out, does not include people who aren't looking for work. If it did, it would have to take into account, among others, people who are either too old or too young to work. It's something I learned when I took Economics.
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