Why is the unemployment rate not considered to be an accurate economic measurement?

In my opinion the most misleading thing about it is that when people have been unemployed for 6 months their unemployment benefits run out and they are no longer counted as unemployed.

Why is the unemployment rate not considered to be an accurate economic measurement?credit check

I thought it was. That%26#039;s new to me.

Why is the unemployment rate not considered to be an accurate economic measurement? loan

well....crap i can pull from the top of my head would be maybe....

1) it includes a phD working at McDonalds....you could have high employment but everyone isn%26#039;t where they%26#039;re supposed to be, they%26#039;re underemployed.

2) Black market, baby! I know a lot of people who work for cash only....and they don%26#039;t report it.

In particular in 3rd world countries, a lot of people may technically not have %26#039;jobs%26#039; that are recorded, but they%26#039;re still bartering away this and that, fishing and stuff

3) there are generally two types of unemployed people, those who get jobs quickly (within a week or a month) after leaving their first job, and those who are searching for months or years. If Person A is unemployed for one month and person B for 12 months....the unemployment rate says the average is about 6 months.....which compleltey under/over represents, depending on who you%26#039;re talkign about.

But such is life. And i could be wrong....just thinking back to econ years ago....