An aggrieved billionaire this week lamented that workers had grown lazy and "arrogant" during the coronavirus pandemic and that many of them needed to be made unemployed for the situation to improve.The Australian Financial Review reports that Tim Gurner, the founder and CEO of the Gurner Group, exp...
I think he means 40 to 50% higher than now. It’s historically quite low at the moment.
It is low now, but also (in the US) the last few administrations played games with how they defined it, mainly by excluding people who had basically given up on finding employment.
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They expanded the definition 5-10 years ago at various times, which resulted in a lower reported rate.
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