News for hackers. Stuff that matters.

A comment on The Unemployment Rate in Every Region of Europe. Parent comment

Re:The Unemployment Rate in Every Region of Europe by zimzam on Thursday May 03, 2018 @10:25AM (#16986293)
The jargon exists because the category is useful in answering the question "how is the economy doing".

If we included people who are retired then we would see unemployment go up and down in correlation with generation sizes: when the baby boomers retire the number of "unemployed" people would go up dramatically. But that confuses the picture of whether businesses are hiring.

[ Parent | on HN ]
Re:The Unemployment Rate in Every Region of Europe by esbranson on Thursday May 03, 2018 @10:46AM (#16986491)
Hence why the question should be and is limited to ages 25-54 year olds. A "retired" 25 year old should be included in the definition of unemployment.

However, the 25-54 unemployment rate (the opposite of the "employment rate") is not calculated by state or locality in the US.

[ Parent | on HN ]