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In economics, a person who is able and willing to work at a prevailing wage rate yet is unable to find a paying job is considered to be unemployed. The unemployment rate is the number of unemployed workers divided by the total civilian labor force, which includes both the unemployed and those with jobs (all those willing and able to work for pay). In practice, measuring the number of unemployed workers actually seeking work is notoriously difficult. There are several different methods for measuring the number of unemployed workers, each with its own biases, making comparisons between methods difficult.

The history of unemployment is the history of industrialization. It was not considered an issue in rural areas, despite the "disguised unemployment" of rural laborers having little to do, especially in conditions of overpopulation.

The terms unemployment and unemployed are sometimes used to refer to other inputs to production that are not being fully used — for example, unemployed capital goods.

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RT @kitching: Interesting look at what the TRUE unemployment rate might be: http://bit.ly/3QhvFf
Boogieism (Lauren Carter) Sat, 07 Nov 2009 23:17:17 -0000
RT @kitching: Interesting look at what the TRUE unemployment rate might be: http://bit.ly/3QhvFf
LaTimes, Unemployment rises to double digits, 10.2%. http://bit.ly/44iWJI
Robsilva84 (Robert E. Silva) Sat, 07 Nov 2009 23:16:18 -0000
LaTimes, Unemployment rises to double digits, 10.2%. http://bit.ly/44iWJI
The unemployment canard, Yo Buck! Employment will improve when businesses can afford to employ and insure their employees. #p2 #tcot
Beechbum (Brian (Beachbum)) Sat, 07 Nov 2009 23:15:59 -0000
The unemployment canard, Yo Buck! Employment will improve when businesses can afford to employ and insure their employees. #p2 #tcot
RT @txvoodoo: Dear Buck McKeon (r-CA) High unemployment is part of why we NEED this-ppl can't get ins now.
wvmtngrl07 (Chrissy) Sat, 07 Nov 2009 23:15:46 -0000
RT @txvoodoo: Dear Buck McKeon (r-CA) High unemployment is part of why we NEED this-ppl can't get ins now.
RT @baxterblogs Hey GOP: If unemployment is at 10.2% (thanks to Bush) that means ppl don't have health insurance. HEELLLOO!! #logicfail #HCR
JaymEsch (Jaym Esch) Sat, 07 Nov 2009 23:15:37 -0000
RT @baxterblogs Hey GOP: If unemployment is at 10.2% (thanks to Bush) that means ppl don't have health insurance. HEELLLOO!! #logicfail #HCR
Why do Republicans not understand that high unemployment is a reason FOR #hcr ?
BluegrassInNYC (David ) Sat, 07 Nov 2009 23:14:22 -0000
Why do Republicans not understand that high unemployment is a reason FOR #hcr ?

 
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