Those are U3 numbers, which IMO is too narrowly defined. It's basically counting people actively applying for a traditional job. See for the various definition

Those are U3 numbers, which IMO is too narrowly defined. It's basically counting people actively applying for a traditional job. See for the various definitions we use for unemployment https://fredblog.stlouisfed.org/2015/05/the-many-flavors-of-unemployment/ https://fredblog.stlouisfed.org/2015/05/the-many-flavors-of-...