4 ms·
So if i’m despondent and give up searching for a job then doesn’t U-3 unemployment go down and therefore wouldn’t using a definition that included the desponden
by oculusthrift 8y ago
So if i’m despondent and give up searching for a job then doesn’t U-3 unemployment go down and therefore wouldn’t using a definition that included the despondent not be linearly dependent?
- indecisive_user 8y agoThough it seems hypothetically possible for what you're saying to happen, the data shows there's a linear relationship between many different definitions of unemployment throughout the years in the US. https://www.bls.gov/opub/ted/2018/u-3-unemployment-rate-was-4-1-percent-in-december-2017-u-6-was-8-1-percent.htm?view_full https://www.bls.gov/opub/ted/2018/u-3-unemployment-rate-was-...
- a3n 8y agoYes, if your job is to track that analyze it and report on it. But U3 is fine for year-to-year readings of employment temperature for lay people like most of us.