A 2.5% rate of unemployment is 50 % of one percentage point below what economist call, “The Natural Rate of Unemployment.” Therefore, based on the unique group of BLSdata, employment in the U.S.might certain you’re seen as great news, proper? No, wrong — because information selected include only individuals who were actively seeking a job; contacted potential employers; a new job interview; sent out resumes, replied to job advertisements, etc., ahead of four weeks before reporting for social security amazing benefits. Thus, selecting this particular type of the unemployed (U1in table below), eliminates millions of unemployed persons; e.g., persons who are discourage and gave up looking to buy job but they are still working part-time, but seeking a full-time job.
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