Word: want
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This method of calculating unemployment was pioneered by the head of the Massachusetts Bureau of Statistics of Labor in 1878, and it has its merits. It's simple. It's straightforward. And it provides a pretty accurate count of those who really, really want jobs. But it also misses millions of people who may not be actively looking for a job but would happily take one if offered. Those ranks surely swell in a deep recession or during a time of economic turmoil that destroys entire job categories (like autoworker). The government's statisticians are aware of this, and since...
Even these figures leave out people who say they want a job but haven't looked in the past year. Economist and gadfly John Williams, whose online newsletter Shadow Government Statistics has gained a big following lately, adds them in, makes a few tweaks and gets to 21.8% unemployment in November, down from 22.1% in October...
Such measures still rely on people's own assessment of whether they want to work. A BLS study a decade ago found that these self-assessments aren't all that reliable. So how about the simplest possible job-market measure, the employment-to-population ratio? Among Americans ages 25 to 54, it was at 75.1% in November, down from 80.3% in early 2007 and - with the exception of October's 75% - the lowest it's been since 1984. Because of the entry of women into the workforce, the ratio trended upward from the 1960s through the 1990s. If you look...
...both of which were later found crashed. He apparently walked away from the wrecks, miraculously unharmed. On Fox News, Harris-Moore's mother Pam Kohler outraged her tut-tutting interviewer by saying, "I hope to hell he stole those planes. I'd be so proud. But next time, I want him to wear a parachute." (See 50 authentic American experiences...
Back in the day, you had to sit in front of a large wooden radio with columns like the Acropolis. You sat in the presence of radio, and you listened to it. Now you can pick it up and carry it. You can listen to anything you want, and the Internet brings radio anywhere around the world...