> 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 multipl

> 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.