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Does the overall unemployment rate provide an accurate picture of the impact of unemployment on all US population groups?
Wiki User
∙ 11y ago
no the unemployment rate only includes new unemployment claims. Those who have been unemployed for any period of time are not counted. Also you can only collect unemployment for a designated period of time. Once it runs out you are no longer included with that statistic.
Wiki User
∙ 11y ago
No, the overall unemployment rate may not accurately represent the impact on all US population groups. Certain demographic groups, such as minorities or those with lower education levels, may experience higher rates of unemployment than the average rate. It is important to consider specific demographic data to understand how unemployment affects different population groups.
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