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13 Jul 2009 02:46 pm
One Hour A Week
by Patrick Appel
Christina Davidson points out the limits of unemployment data:
If in the week prior to the survey a respondent has had more than one
hour of paid employment, or has performed more than 15 hours of unpaid
work, they would not be counted as unemployed. So, for example, a
45-year-old laid-off business executive I met last week, who had
started mowing his neighbors' lawns and doing odd jobs for cash because
he needed money to have his car repaired in order to go on any
interviews for a full-time job, would be counted among the employed
members of the labor force.
This is partly why tracking hours worked is preferred by some economists, but all data have their caveats.
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