00:01
So here we're talking unemployment, right? and we know that the number of unemployed starts off at 2 million.
00:09
We're just told that out, right? then we're told 200 ,000 of them become discouraged, right? so the key thing is then to think about what the unemployment rate means.
00:21
The unemployment rate is equal to the number of unemployed over the number of unemployed plus the number of unemployed plus the number of unemployed.
00:32
Of employed, right? what's happening now is that 1 .8 are still going to be unemployed, and 0 .2 are now discouraged.
00:48
And if you're discouraged and not looking, you are no longer considered a discur.
00:54
I missed an a there.
00:55
Sorry.
00:56
If you're discouraged, you are no longer considered unemployed.
00:59
To be counted as unemployed, you need to be actively looking for work...