Off-Topic: Math for Morons
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Name:
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Jim Dandy
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Subject:
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Math for Morons
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Date:
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12/6/2014 10:33:25 AM
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Approx figures in millions -
US population 300
Employed 145
Working age not
employed 90
Other 65
Sum of Employed and Working age not employed 235
Percent of Employed to Sum above 62% (labor participation rate)
Observations -
Your friends fall into the "Other" category above (children, retired, etc) and are not considered unemployed, unless they are actually seeking employment.
If the 90M figure is a hoax, so is the labor participation rate. Is it a hoax too?
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