The unemployment rate is down and the economy is strong, claims the Obama administration. If that’s correct, why are so many people still out of work?
In the video on business and economics below, we learn that the unemployment rate only tells part of the story, because it only counts the people who are actively looking for jobs and ignores those who have given up. Watch the video and find out why the labor force participation rate–which counts both the percentage of people who are actively looking for work together with those who are currently working–is a much more accurate measure of economic strength.
