What Is The Real Unemployment Rate?

Unemployment is a major issue that isn’t far from the news. According to official figures, America has an unemployment rate of 8.3% and Ireland has a rate of 14.7%. However some argue that these could be underestimates and the true figure could be as high as 15% in America and 25% in Ireland. The government has a natural interest in the unemployment rate being as low as possible; with some claiming they openly twist the numbers to suit themselves. This is a contentious issue with an election coming up and some claim unemployment could decide who the next President of America is. So what is the real rate of unemployment? Continue reading “What Is The Real Unemployment Rate?”