"Furthermore, LISEP calculates the “True Rate of UnemploymentOut ofPopulation”, using the same statistical definition of True Rate of Employment, but instead taking this number from the entire working-age population (aged 16+) rather than the BLS-defined labor force."
So am I right that this includes retirees, college students, kids still in high school, stay-at-home parents, etc? Doesn't seem super useful.
"Furthermore, LISEP calculates the “True Rate of UnemploymentOut ofPopulation”, using the same statistical definition of True Rate of Employment, but instead taking this number from the entire working-age population (aged 16+) rather than the BLS-defined labor force."
So am I right that this includes retirees, college students, kids still in high school, stay-at-home parents, etc? Doesn't seem super useful.