How is unemployment measured?

1 Answer
Konstantinos Michailidis
Sep 26, 2015

Unemployment is measured through surveys of some thousand households and by the organizations who monitored employment in each country.Usually unemployed people are registered through such organizations for benefits and advice.
No measure of unemployment is completely accurate since there are some people out of work but looking for a job who are not picked up by the official statistics

Related questions
See all questions in Macroeconomic issues: business cycle, unemployment, inflation, growth
Impact of this question
2108 views around the world
You can reuse this answer
Creative Commons License