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The unemployment rate you see in headlines ignores millions of people without work – here's a better way to tell how many need a job

  • Written by Veronika Dolar, Assistant Professor of Economics, SUNY Old Westbury
The unemployment rate you see in headlines ignores millions of people without work – here's a better way to tell how many need a jobThe number of people seeking jobless benefits has soared during the pandemic.AP Photo/John LocherThe unemployment rate you see in headlines ignores millions of people without work – here's a better way to tell how many need a jobCC BY-NC-ND

Many economistswould agree that the official U.S. unemployment rate is an inadequate measure of actual labor market conditions.

Although this is one of the most cited pieces of data on the economy as a whole, not many people understand how...

Read more: The unemployment rate you see in headlines ignores millions of people without work – here's a...

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