Submitted by Wega58 t3_125wsx4 in wallstreetbets
Fun-Transition1230 t1_je6y09j wrote
Reply to comment by zoiddirkoid in Stagflation 2023: The Looming Economic Nightmare You Can't Afford to Ignore by Wega58
So if they eliminated unemployment, nobody would be looking for a job and the rate would be 0%?
zoiddirkoid t1_je6z0wo wrote
That's an utterly moronic thing to say.
Unemployment rates reflect those who are seeking jobs and can't find one.
There are complexities with skill set misalignment and other factors that are hard to gauge.
Your claim that true unemployment is at 40% is absolutely absurd. There are millions of job openings currently. A stay at home mom who is not seeking a job is not unemployed. There are people who will not work, ever.
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