that's a strange way to classify unemployment. I wonder why that is used? | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

chii on Jan 10, 2014 | parent | context | favorite | on: All Norwegians become crown millionaires, in oil s...

that's a strange way to classify unemployment. I wonder why that is used?

Geee on Jan 10, 2014 [–]

It's accurate measure for the supply side of the markets. If that number reaches 0% then there isn't any available workforce and wages rise sky high.

Consider applying for YC's Winter 2027 batch! Applications are open till November 2.
Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact