Hi all,
Just wondering about the unemployment statistic that you hear on the news, for example 'the number of unemployed is approaching 15%'.
How is this calculated? Is it 15% of the entire population of the Republic, every man, woman and child from age zero up?
Or is it 15% of a pool of people of working age?
And does it simply mean that the remaining 85% are employed or are there certain groups left out of the statistic?
Are people in college/training included, or retired people, or voluntary workers etc?
Just curious to know what i'm hearing when the stat is mentioned on the news or in the Dail etc.
Thanks for replies.