This isn’t something we normally do but there is a statistic that just came out that journalist across the country are taking the wrong way.
The statistic, again is this: 47% of Unemployed have “completely” given up on finding a job.
Let me show you the actual question and then I’ll tell you why its bogus:
How much do you agree with…the following statement: I’ve completely given up on looking for a job.
The “Net” agree is 47% but this is actually meaningless. Only 7% of respondants marked “Agree Completely” and another 7% marked “Agree a lot” that leaves the vast majority of this supposed 47% that haven’t given up hope of finding a job.
The same study reinforces what I am saying because the next question is literally:
How much do you agree with…the following statement: I’m hopeful that I will find a job I really want in the next 6 months.
Do you know what precentage of people “Agreed” with this? 91% only 9% do not agree at all.
So, while the headline you’ll see this week is “47% of Unemployed Have Completely Given Up On Looking For Work” realize the headline should read “91% of Unemployed Still Hopeful To Find a Great Job In The Next 6 Months”.
Don’t fall for deceptive reporting practices.
Oh, and if you’re interested here is a link to the study (PDF warning)
Starting the Unemployment Process
Unemployment By State