Unemployment Statistics - Are You Missing Fourths of the Problem?

The unemployment numbers we rely on are based on an old metric, a depression era way to calculate the health of the economy. The number of able bodied people participating in the workforce goes largely ignored. For every unemployed guy out of work looking for a job in 2022, there were four guys who were neither working nor looking for work. If you're looking at the unemployment figures, you're missing four fifths of the problem.