An alternative measure is the participation rate, which is measured by dividing the labour force by the population of people over the age of 15 and under 65.
There are many limitations to the unemployment statistics as surveying data can never be accurate for several reasons such as:
? Surveying errors ? with such a small sample of the population being surveyed the likelihood of an error is possible
? Definitions are arbitrary - the definition to classify a person as employed or unemployed is some what unrealistic
? Hidden Unemployment not recorded ? those able to work but not willing or are discouraged to seek employment
? False Information ? Some people may be tempted to give false information when they are surveyed... displayed 300 characters
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An alternative measure is the participation rate, which is measured by dividing the labour force by the population of people over the age of 15 and under 65.
There are many limitations to the unemployment statistics as surveying data can never be accurate for several reasons such as:
? Surveying errors ? with such a small sample of the population being surveyed the likelihood of an error is possible
? Definitions are arbitrary - the definition to classify a person as employed or unemployed is some what unrealistic
? Hidden Unemployment not recorded ? those able to work but not willing or are discouraged to seek employment
? False Information ? Some people may be tempted to give false information when they are surveyed... displayed 300 characters
