atw: Re: Hidden unemployment figures
- From: "Steve Hudson" <adslyy5g@xxxxxxxxxx>
- To: <austechwriter@xxxxxxxxxxxxx>
- Date: Fri, 10 Jun 2005 13:12:06 +1000
From that same link we get
Participation rate
For any group, the labour force expressed as a percentage of the civilian
population aged 15 years and over in the same group.
Our participation rate, even with the stupidly skewed definition of
employed, is 65%. To my casual eye, it appears as if 35% are not even
falling under the broad category of employed. Sure sure, we have pensioners,
chronically ill and so on. This is roughly countered by the people who are
counted as employed who are not really. Thus the true unemployment rate
could be as high as 35%. 1 in 3 people are earning stuff all a week. That is
truly sickening.
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