3 ms·
It's also depressing that we've moved the goalposts so much in term of unemployment measurement. We used to report U6, now we only report U3 [1]. How we calcu
by r00fus 7y ago
It's also depressing that we've moved the goalposts so much in term of unemployment measurement. We used to report U6, now we only report U3 [1]. How we calculate U3 is also suspect.
Many businesses don't allow > 30h because they'd have to offer benefits. Cost of living has skyrocketed while inflation adjusted wages have decreased over time for 99%.
We are massively undercounting the discouraged and underemployed (can't find full-time work).
[1] https://www.hrcapitalist.com/2017/01/know-your-hr-stuff-the-difference-between-u3u5u6-unemployment-rates.html https://www.hrcapitalist.com/2017/01/know-your-hr-stuff-the-...