Business
You’re counted as ’employed’ if you work one hour a week, but why is that a problem? – ABC News
Did you know if you’re not working or officially unemployed, you’re hidden from the unemployment rate?
Did you know you’re counted as “employed” if you work one hour a week?
When you first hear that, it can sound shocking.
It can make you suspect the government is manipulating the unemployment data to make the labour market appear in better health than it is.
But let me explain why it’s not a problem.
It’s a perfectly logical definition for “employed”.
Then, after I’m done with that, let me show you some ways in which you can be led astray by the government.
It regards the unemployment rate itself.
…
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