My issue with U-3 isn't that it's misleading in the statistical sense, but that it says absolutely nothing about the quality of jobs that people have. If every

My issue with U-3 isn't that it's misleading in the statistical sense, but that it says absolutely nothing about the quality of jobs that people have. If every software engineer on HN was fired tomorrow and given a minimum wage job at McDonald's, U-3 would be exactly the same. It's not really a meaningful statistic anymore when talking about actual economic health of workers unless you pair it with several other metrics. What I'd like to see is a metric of Quality Jobs that we can compare over time. Something like % of people working at least 35 hours a week at a single job that provides basic benefits and a living wage in the local market for a single worker.