When The Economy Speaks … Reversing National Unemployment Statistics


When a country says it has a 20% unemployment rate, multiply that by three times to determine the rate that is closer to what could be happening on the ground for the country. These include other than those who are actively seeking work or discouraged work seekers, those who would chose not to work as well as those who are not active economically. They are barely able to create jobs for themselves, much less others. Determine what that number looks like for your country. Derive policies based on those numbers. It will become difficult to go wrong from there.