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U3 is standard precisely so that we can compare differences between countries. If people don't like what it's measuring, then they can certainly use one of the
by hudibras 9y ago
U3 is standard precisely so that we can compare differences between countries. If people don't like what it's measuring, then they can certainly use one of the other metrics like U4, U5, or U6.
- mdorazio 9y agoI don't have a problem with U3 at all. I have a problem with it being used as the de facto measure of employment health in the media when it tells only a small part of the story for average workers. You typically have to search for U6 yourself, while U3 is reported by the press every month.
- nradov 9y agoYes if you want to be a well informed citizen you have to mostly ignore the mainstream media and actively seek out alternative sources. That shouldn't be a surprise to anyone here.