I actually think we should only be using labor force metrics for everything, if someone stops looking because their depressed and can live at home - suddenly that's ok? I don't think we should stop counting people like that
The problem is differentiating between those who've given up and who do not want to work (have other means to sustain themselves).
In general, either is fine by me as long we are consistent: they are both proxies for percentage of people needing work and should correlate to a large extent.
The problem is differentiating between those who've given up and who do not want to work (have other means to sustain themselves).
In general, either is fine by me as long we are consistent: they are both proxies for percentage of people needing work and should correlate to a large extent.