3 ms·
I would like to point out a few things. First, "unemployment rate" is extremely subjective, with the Bureau of Labor listing 6 different possible measures that
by mooman219 10y ago
I would like to point out a few things.
First, "unemployment rate" is extremely subjective, with the Bureau of Labor listing 6 different possible measures that all fit the definition for "unemployment rate" [http://www.bls.gov/lau/stalt.htm http://www.bls.gov/lau/stalt.htm]. Not devaluing your results, but numbers reported online should be taken with a gain of salt.
Second, I don't think it's completely fair to use this as precedent for cases elsewhere in the country. Seattle's mean income ($75,331) is well above both Washington State's ($64,129) and the US's rate ($55,775) [http://www.deptofnumbers.com/income/washington/seattle/ http://www.deptofnumbers.com/income/washington/seattle/]. The impact of adjusting minimum wage might be extremely understated.
- dlp211 10y ago> First, "unemployment rate" is extremely subjective No it isn't. At least not in this context or most contexts. While you are correct that there are multiple ways to measure unemployment, they are all objective measures. In addition to this, the colloquial usage of the "unemployment rate" refers to the U3 rate listed by the BLS.