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A comment on Low unemployment isn’t worth much if the jobs barely pay. Parent comment

Re:Low unemployment isn’t worth much if the jobs barely pay by koheripbal on Sunday January 12, 2020 @11:19AM (#22027033)
Unemployment is defined as the percentage of people employed of those who WANT to work.

It does not count those taking time off.

That would be the UNDERemployment rate.

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Re:Low unemployment isn’t worth much if the jobs barely pay by extra88 on Sunday January 12, 2020 @11:28AM (#22027109)
I thought “underemployment” referred to people working less than full-time (or less than they want) and/or working at a job far below their skill level, e.g. a skilled machinist or college graduate working as a cashier.

But yes, the standard unemployment rate that’s talked about does not account for a lower participation rate, people who could be working or looking for a job but aren’t.

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Re:Low unemployment isn’t worth much if the jobs barely pay by williamDafoe on Sunday January 12, 2020 @12:07PM (#22027394)
https://fred.stlouisfed.org/series/LNS12300060

Clinton found a way to exclude all those pesky minorities. He renamed them from "minority" to "discouraged" workers and dropped them off the books! Pig ...

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