Am I unemployed if I work part-time but I want to work full-time?
Am I unemployed if I sit home all day because I’m trying to find a professional job that pays six digits, but there are readily available jobs at Home Depot paying $10/hour?
Is my wife unemployed if she stays home with children? What if she’s only able to work 6 hours a day while children are at school, but the only jobs with those hours would give her lower salary than she’s willing to take? What if we don’t have any children, but I make enough money for both of us?
Am I unemployed if I’m under 65 but I have enough money saved that I don’t have to work 8-5 for the rest of my life?
What’s the significance of the absolute number of unemployed people, whichever definition we choose?
