pre-Keynesian

Michael Pollak mpollak at panix.com
Sat Sep 1 17:07:35 PDT 2001


On Sat, 1 Sep 2001, Christian Gregory wrote:


> "This week, Japan announced that unemployment hit 5 percent, crossing
> an important psychological threshold and a high not seen here in over
> half a century.
>
> "Real unemployment is believed to be around 8.5 percent, as government
> statisticians do not count people who give up looking for work or part
> time workers, like homemakers, who lose their jobs."

But I thought we don't count those people as unemployed either. Do we?

Michael

__________________________________________________________________________ Michael Pollak................New York City..............mpollak at panix.com



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