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I'm sure it has its uses, but when the news publishes an unemployment percentage that does not actually describe the percentage of people who are unemployed, th
by PhasmaFelis 9y ago
I'm sure it has its uses, but when the news publishes an unemployment percentage that does not actually describe the percentage of people who are unemployed, that's deceptive and dishonest. I dunno if it's down to malice or just bureaucratic incompetence, but it's false either way.
> It's also fairly accurate because it's largely based on unemployment insurance claims forms, which have to be re-filled every 1-2 weeks.
That's even worse. You can only claim unemployment insurance for a few months after losing your job. Claiming that's more accurate because it's easier to measure is like the joke about the guy who lost his keys in the bushes, but is looking for them under the streetlamp because it's easier to see.