Re:Low unemployment isn’t worth much if the jobs barely pay
by baddox on Sunday January 12, 2020 @01:35PM
(#22028113)
What is the mechanism to identify and count people who were voluntarily retired but now wish they could find a job but can’t?
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Re:Low unemployment isn’t worth much if the jobs barely pay
by orangecat on Sunday January 12, 2020 @01:52PM
(#22028267)
If they're actively looking for work, then they're unemployed. If they're not looking for work because they assume there are no opportunities, they're "discouraged workers": https://www.investopedia.com/terms/d/discouraged_worker.asp. Discouraged workers aren't counted in the primary unemployment rate, but are counted in U4 and U6, which are also historically low; see https://fred.stlouisfed.org/series/U4RATE and https://fred.stlouisfed.org/series/U6RATE.