The government rates of unemployment are misleading because they count as employed part-time workers who are unable to find full-time employment.

Question

Quizplus · Accepted Answer

This is true. The government's official unemployment rate, also known as the U-3 rate, does not take into account part-time workers who are seeking full-time employment but cannot find it. As a result, the U-3 rate can give a misleading picture of the true level of unemployment in the economy.

The Government Rates of Unemployment Are Misleading Because They Count