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 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 doug@profile-financial.com

The Goldstein On Gelt Show is a financial podcast. Click on the player below to listen. For show notes and contact details of the guest, go to www.GoldsteinOnGelt.com


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Douglas Goldstein, CFP®, is the director of Profile Investment Services, Ltd, a financial planning and investment services firm specializing in working with Americans living in Israel who have investment accounts in America. He is a licensed financial professional both in the U.S. and Israel. Securities offered through Portfolio Resources Group, Inc., Member FINRA, SIPC, MSRB, FSI. Accounts held at Pershing LLC., Member NYSE/SIPC, a subsidiary of The Bank of New York Mellon Corporation. Neither Profile nor PRG gives tax or legal advice. Before immigrating to Israel, it is advisable to consult with a tax attorney who is knowledgeable about Israeli law. Contact at doug@profile-financial.com