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Wonders how unemployment figured

Comments re article 57001 Kentuckys jobless rate dropped to 81 percent in December 2012

Dale McCloud writes:
I would like to know how unemployment or jobless rate is based on. Is it all Ky. residents who are between the ages of 18 and 70? Apparently it is based on some ghost numbers or fuzzy math. There are more people in Kentucky on entitlement than those of us working. How can the jobless rate be what it is? - Dale McCloud
Thanks, Dale McCloud I rely on this metric, trusting that is arrived at in a consistent manner, and that the arithmetic always based on the most reliable statistics available. For how it's done, see:How the Government Measures Unemployment. The article gives answers to 14 FAQs about how we get joblessness figures. - EW



This story was posted on 2013-01-20 12:15:46
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