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Understate the true level of joblessness

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How and why the official unemployment rate (measured by the BLS) might understate the true level of joblessness in this country?

How and why the official unemployment rate (measured by the BLS) might overstate the true level of joblessness in this country?

Given the factors that could cause the level of joblessness to be overstated or understated, do you think it more likely that the official measure paints "too optimistic" a picture or "too pessimistic" a picture of the overall employment situation in the U.S.?

Reference no: EM131106014

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