Quote from Kassz007:
I don't doubt that government unemployment numbers are understated. But it's not due to not counting those who are not actively looking for a job. Consider the following (again, numbers out of my ass):
USA population = 500 million
Say there are 250 million BILLIONAIRES in the USA, who for obvious reasons are not looking for a job. Does this mean that the unemployment rate is 50%?
It goes by labor force, not total population. Total Labor force in US is about 150 million per the cia factbook.
