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>We need to stop categorizing people without traditional jobs as 'unemployed'. The only people I've ever seen do this are those who claim the government is 'hi
by rory096 11y ago
>We need to stop categorizing people without traditional jobs as 'unemployed'.
The only people I've ever seen do this are those who claim the government is 'hiding' the true unemployment rate. The standard U3 rate only includes people actively looking for work.
Of course, the BLS publishes 6 rates with various criteria as well as the overall labor force participation rate, but U3 is the indicator mainstream commentators generally use.