Say Hello to Full Employment
This article seems to use the terms &quot;unemployed&quot; and &quot;jobless&quot; interchangeably.<p>People who stop searching for jobs (eg. due to despondence or poor health) are excluded from the official unemployment rate, yet they are jobless.<p>On a recent EconTalk, Edward Glaeser, the Fred and Eleanor Glimp Professor of Economics at Harvard, said, in their recent sample, 11.9% of U.S. men aged 25-55 have been jobless for over 12 months.<p>From quick googling, 11.9% of U.S. men aged 25-55 is about 7.5 million people.<p><a href="http:&#x2F;&#x2F;www.econtalk.org&#x2F;archives&#x2F;2018&#x2F;03&#x2F;edward_glaeser.html" rel="nofollow">http:&#x2F;&#x2F;www.econtalk.org&#x2F;archives&#x2F;2018&#x2F;03&#x2F;edward_glaeser.html</a>