http://globaleconomicanalysis.blogspot.com/2012/11/explosion-in-uncovered-employment.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29
Covered employment is the set of working employees that have unemployment benefits.
Self-employed persons such as myself have to pay into state unemployment insurance programs but we are ineligible to receive benefits (we are not covered).
Similarly, people selling trinkets on Ebay as well as those involved in multi-level marketing schemes and calling it their only job are not covered either.
Read more at http://globaleconomicanalysis.blogspot.com/2012/11/explosion-in-uncovered-employment.html#cV082J1tgUEgPqv3.99
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