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If everyone knows how the unemployment rate is built[0] is it so bad that it's built that way? No matter how you build a single number to represent a really co
by irjustin 6y ago
If everyone knows how the unemployment rate is built[0] is it so bad that it's built that way?
No matter how you build a single number to represent a really complex problem (i.e. what is "living wage", what is "really wants one[job]"?) you'll get a bad answer.
[0] https://www.bls.gov/cps/cps_htgm.htm https://www.bls.gov/cps/cps_htgm.htm