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Did you not read my comment? I explicitly mentioned that there are multiple forms of unemployment statistics measures by Labor, and that workforce participation
by anoncoward111 8y ago
Did you not read my comment? I explicitly mentioned that there are multiple forms of unemployment statistics measures by Labor, and that workforce participation statistic is most accurate.
Yet, you will never ever hear these stats on TV or from Trump. It is solely just screaming about "RECORD LOW UNEMPLOYMENT", when it is anything but a healthy employment situation.
- RhodesianHunter 8y agoPolitician cherry picks number that makes him look good! News at ten.
- anoncoward111 8y agoExcept every politician has done this for this specific stat. Why are you defending it so vehemently when it is a pitiful indicator?
- Latteland 8y agoPeople do talk about other unemployment rates, the labor participation rate. like on the marketplace daily radio show/podcast.
- Svettie 8y agoThe point isn't that the number is a precise measure of unemployment, but that it's correlated to it and can be used for historical comparisons. That's all. As long as the way it's measured stays relatively consistent over time, we can reason that it measures "something", and track how that changes. Calling that something "unemployment rate" is just a label.