00:01
Assume whether the following would be counted as unemployed in the current employment statistics survey.
00:07
A, a husband willingly stays home with children while his wife works.
00:13
This husband is not considered unemployed.
00:28
And this is because they made a choice.
00:32
This is because being unemployed means that when a person is willing but unable to find work, he's not willing to find work.
00:39
So therefore, he is not unemployed.
00:42
And that's true of all stay -at -home parents.
00:44
Counted as unemployed in the current employment statistics survey because they're not considered as being actively looking for employment be a manufacturing worker whose factory just closed down in this case the manufacturer worker is considered unemployed and this is because we're going to assume that he would be looking for another job he was working so it is a logical assumption conclusion to say that if the plant closed down he's going to look for another job so he is unemployed a college student doing an unpaid summer internship.
01:26
The college student doing an unpaid internship is not considered unemployed because they are not actively looking for employment.
01:40
A retiree is not considered as unemployed because they're likely not looking or willing to work at their age.
01:55
E, someone who's been out of work for two years but keeps looking for a job...