What the Unemployment Rate Really Is

Authors

  • Fred Maidment Western Connecticut State University

Abstract

In 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.

Downloads

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

Issue

Section

Articles