> IMF chart appears to do some correction for "labor force > participation"
There are several types of people in economic statistics: 1) Non-workers (children, elderly, institutionalized, etc.) 2) Workers (includes both fully employed and under-employed) 3) Unemployed (these people are looking for work but cannot find it) 4) Disgruntled (these people have had so little luck finding a job that they have given up altogether, and now simply collect charity and welfare checks) The labor force participation rate is either (2+3)/population or else (2+3)/(2+3+4). That might clear up the discrepancy you are observing. JDG _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
