What the Unemployment Rate Really Is
AbstractIn the current recession, unemployment is up sharply reaching 9.8 % in September of 2009. But that 9.8 % figure does not represent true unemployment. Using the Bureau of Labor Statistics’ own figures, this article calculates what true unemployment is and compares the true unemployment rate to unemployment rates during the Great Depression of the 1930’s and the Reagan Recession of the early 1980’s.
How to Cite
Maidment, F. (2009). What the Unemployment Rate Really Is. Journal of Human Resources Education, 3(4). Retrieved from https://journals.troy.edu/index.php/JHRE/article/view/49
The Journal of Human Resources Education (JHRE) is a publication of Troy University's Sorrell College of Business.
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