[quote=EconProf]Concho, you have voiced a common misconception. Unemployed simply means not working and actively seeking work.
That could be someone entering the work force for the first time, coming out of retirement to seek work, laid off, fired, etc. They may or may not be getting unemployent benefits, and in fact only about 40% of the unemployed currently receive benefits.[/quote]
Thank you for your input EconProf. You answered a lot of the questions I had regarding the number they throw at us.
