What do unemployment figures really mean?

May 25, 2016  

Politicians often quote unemployment data, especially around elections, in order to gain votes. But what do these figures mean? 

Does the term “unemployed” refer to everyone who doesn’t have a job, including students and stay-at-home mothers, or only to those who are jobless but are actively seeking work? 

Professor David Howden of St. Louis University (Madrid campus) defines unemployed and explains how to interpret this data.

Also on today’’s show, Doug Goldstein, CFP, discusses mutual funds and when they should or should not be used in cross-border investing.

Find out how you can take Doug’’s upcoming investing course for free by simply sending your biggest financial question to The Goldstein on Gelt Show.

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