4 ms·
Report: https://www.bls.gov/news.release/pdf/empsit.pdf https://www.bls.gov/news.release/pdf/empsit.pdf My comment was going to be about how unemployment doesn
by highd 9y ago
Report: https://www.bls.gov/news.release/pdf/empsit.pdf https://www.bls.gov/news.release/pdf/empsit.pdf
My comment was going to be about how unemployment doesn't count multiple very large and important groups, including those looking for work for 12 months or more. But actually it looks like those numbers have pretty much all improved as well, and some even more significantly than the base unemployment rate.
Discouraged workers dropped by about ~20% from last year, marginally attached workers dropped by about ~10%. Long-term unemployed dropped by ~20% from last year. At first glance that seems pretty crazy.
I'd love to see some analysis on this.