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Update the definition of unemployment rate to better reflect labor force participation rates.

Created by M.M. on February 05, 2015

The official unemployment rate is very misleading. Let's make it accurately reflect the real world conditions.

Most citizens don't realize that long-term unemployed who have "given up" on finding work don't count in the pool of unemployed people. As the CEO of Gallup recently said: You can't get anymore unemployed than that. Many other factors currently used make the unemployment rate very misleading also. Let's make it more realistic.

Economy & Jobs
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