Birdwatch Note Rating
2024-05-29 09:06:19 UTC - HELPFUL
Rated by Participant: D98C288F7BC84572E79E449CA216E66E98605720CFFED2285541F1B3283ED213
Participant Details
Original Note:
OP is making a logical fallacy. Unemployment rate = % of people WANTING a job who don't have one. Ex: Say 40% of citizens DON'T want a job (studying, retired etc) & 60% WANT a job. Now say 50% of all citizens are employed (& 40% don't want a job) Umempl rate = 10/60 = 16.6% https://www.investopedia.com/ask/answers/061515/what-key-difference-between-participation-rate-and-unemployment-rate.asp
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