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What Factors Make It Difficult To Determine The Unemployment Rate

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The BLS lists Part-time workers as being fully employed, thus understating the amount of unemployment. Discouraged workers are not counted as unemployed, so this also understates the unemployment rate. Can be confusing because the labor force includes those who are employed and those who are unemployed but actively seeking work and are capable of work. Also can be a lil confusing with frictional and structural unemployment.

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