And how hard is it to land even a minimum-wage job? This year, the Ivy League college admissions acceptance rate was 8.9%. Last year, when Walmart opened its first store in Washington, D.C., there were more than 23,000 applications for 600 jobs, which resulted in an acceptance rate of 2.6%, making the big box store about twice as selective as Harvard and five times as choosy as Cornell. Telling unemployed people to get off their couches (or out of the cars they live in or the shelters where they sleep) and get a job makes as much sense as telling them to go study at Harvard.
Don’t get me started.
I think people don’t understand what the unemployment rate means. It means the number of jobs there ARE compared to the number of people there are looking for jobs.
People seem to somehow think that the unemployment rate is the number of people sitting around unemployed, as if there are thousands of companies with open positions and since the unemployed people all keep sitting on their butts, those companies are just somehow getting by without filling those positions????
The unemployment rate is the number of people who will be left over after all of the available jobs are filled.
It’s the number of people who are going to be wasting all of their waking hours each week looking for jobs that don’t exist.