04-04-2008, 10:41 AM
In economics, I learned that unemployment is a part of the labor force. If you do not have a job but you are looking for one, you are a part of the workforce, and count towards the unemployed %. If you do not have a job, and you are not looking for work, you are not unemployed, and not a part of the labor force.
*edited to supply correct information, sorry for the confusion.
*edited to supply correct information, sorry for the confusion.