00:01
So here we're talking about unemployment, right? and so we need to know what the definition of unemployed is, right? you are only unemployed if of working age, so if you're 12, you can never be considered unemployed, right? of working age, with no job, if you have a job of any kind, you're not considered unemployed, and actively looking for work in last month, right? if you are not looking for work in the last month, then the government says, well, you don't really want a job because you're not looking for work, right? like my 75 year old parents are not unemployed, because they're not looking for a job.
00:46
So there's the definition.
00:49
And now all we need to do is to contrast that to the situation.
00:54
So the idea is, paul is not unemployed for two reasons, right? he has job, right? he has a part time job, and is not looking for work.
01:09
So there are multiple reasons that he is not unemployed...