its far worse.
the word unemployed as we think of it, relates to those without income.
How many dont fit into the yard stick of the social system?
What is the true measure of the break down of the earnings capacity of the nation?
Do we measure low un-employment means that the nation is gainfully earning money to pay taxes on?
You see my point. Small business owners/ sole traders/ that have ground to a halt, do not register.
Only the tax man will truely see the large holes in our revenue base, and the un-employment figure only represents a part of the true volume.