Guys, the unemployment rate stays low because you are no longer counted after 6 months. To make the unemployment rate look better without actually increasing employment, all you have to do is let time pass and the unemployed will no longer be part of the statistic
See my previous post on how the number is calculated. This is not some bogus conspiracy formula. Do a search on google and you will see. Also, any economics textbook that talks about the unemployment rate calculation will talk about it too.
Technocally, if you wait long enough, you can have every single person in the country unemployed and the unemployment rate will still say 0%.
Peace.
See my previous post on how the number is calculated. This is not some bogus conspiracy formula. Do a search on google and you will see. Also, any economics textbook that talks about the unemployment rate calculation will talk about it too.
Technocally, if you wait long enough, you can have every single person in the country unemployed and the unemployment rate will still say 0%.
Peace.