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Anonymous Anonymous is offline
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Join Date: Jan 2003
Anonymous is probably a spambot
Old Jan 13th, 2004, 06:09 PM       
Quote:
Originally Posted by The One and Only...
If people stopped looking for work, unemployment would either 1. stay the same if you are talking about the currently unemployed or 2. rise if people stopped working. I don't see how unemployment could drop from this.
Then you suck at math.



Let's say that there are 10 people in the labor force. 5 have jobs, and 5 are unemployed (which means that they are looking for a job). That means that the unemployment rate is 50%.

Now, let's say that 2 of the unemployed people stop looking for work, meaning that they are out of the labor force and as such, out of the calculation. That means that 3 out of 8 people are unemployed, which means that the unemployment rate is 37.5%.



You see how great math is?
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