{"id":42190,"date":"2018-03-02T02:00:39","date_gmt":"2018-03-02T07:00:39","guid":{"rendered":"http:\/\/quotulatiousness.ca\/blog\/?p=42190"},"modified":"2018-02-10T10:02:08","modified_gmt":"2018-02-10T15:02:08","slug":"defining-the-unemployment-rate","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2018\/03\/02\/defining-the-unemployment-rate\/","title":{"rendered":"Defining the Unemployment Rate"},"content":{"rendered":"<p align=\"center\"><iframe loading=\"lazy\" width=\"853\" height=\"480\" src=\"https:\/\/www.youtube.com\/embed\/uPRQnQxsL3E\" frameborder=\"0\" allow=\"autoplay; encrypted-media\" allowfullscreen><\/iframe><\/p>\n<blockquote><p><strong>Marginal Revolution University<\/strong><br \/>\n<strong>Published on 18 Oct 2016<\/strong><\/p>\n<p>How is unemployment defined in the United States?<\/p>\n<p>If someone has a job, they\u2019re defined as \u201cemployed.\u201d But does that mean that everyone without a job is unemployed? Not exactly.<\/p>\n<p>A minor without a job isn\u2019t unemployed. Someone who has been incarcerated also isn\u2019t counted. A retiree, too, does not count toward the unemployment rate.<\/p>\n<p>For the official statistics, you have to meet quite a few criteria to be considered unemployed in the U.S. For instance, if you\u2019re without a job, but have actively looked for work in the past four weeks, you are considered unemployed.<\/p>\n<p>In times of recession, when people are faced with long-term unemployment and lots of discouragement, the official rate might not count some of the people that you would otherwise consider unemployed.<\/p>\n<p>This video will give you a clear picture of how the unemployment rate is defined and build a foundation for further understanding this important facet of labor markets.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Marginal Revolution University Published on 18 Oct 2016 How is unemployment defined in the United States? If someone has a job, they\u2019re defined as \u201cemployed.\u201d But does that mean that everyone without a job is unemployed? Not exactly. A minor without a job isn\u2019t unemployed. Someone who has been incarcerated also isn\u2019t counted. A retiree, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":35193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[25,13],"tags":[95,1093,290],"class_list":["post-42190","post","type-post","status-publish","format-standard","hentry","category-economics","category-usa","tag-jobs","tag-macroeconomics","tag-statistics"],"jetpack_featured_media_url":"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2016\/06\/favicon.png","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-aYu","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/42190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=42190"}],"version-history":[{"count":1,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/42190\/revisions"}],"predecessor-version":[{"id":42191,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/42190\/revisions\/42191"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media\/35193"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=42190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=42190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=42190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}