Nonsequitur: Missing Workers (The Real Unemployment Rate)

October 13, 2014

The Economic Policy Institute proposes a new measure of employment:

“missing workers”—potential workers who, because of weak job opportunities, are neither employed nor actively seeking a job

This measure controls for retirements to include only workers who are eligible and able to work.  It is a more accurate measure of those who cannot find a job.

The EPI estimates about 6.3 million “missing workers” and an actual unemployment rate of 9.6%.

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