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This paper provides a discussion of how the U.S. government calculates the unemployment rate percentage. Why this percentage is generally considered to be an inaccurate reflection of the number of persons actually unemployed is the main focus.
From the Paper:"Due to the collapse of Wall Street and an economic recession, the U.S. unemployment rate is at its highest level in decades. According to the U.S. Bureau of Labor Statistics, the U.S. unemployment rate for June stood at ... The unemployment rate is based on a monthly survey of households with those working labeled employed and those seeking work listed as unemployed. This analysis will discuss the unemployment rate and how it is calculated. The analysis will..."
Cite this Analytical Essay:
Unemployment Measurements (2008, December 01) Retrieved July 09, 2020, from https://www.academon.com/analytical-essay/unemployment-measurements-127159/
"Unemployment Measurements" 01 December 2008. Web. 09 July. 2020. <https://www.academon.com/analytical-essay/unemployment-measurements-127159/>