3 ms·
The "the government is lying about unemployment" narrative is foolish. The number presented in most media headlines is just one number that the government publi
by UncleMeat 4y ago
The "the government is lying about unemployment" narrative is foolish. The number presented in most media headlines is just one number that the government publishes. Right alongside U-3 they publish numbers using definitions that include more people. It'd be a pretty stupid conspiracy to lie and publish the "true" numbers right next to your lie.
Both U-3 and U-6 are near historical lows. Even if you don't believe that U-3 is meaningful, you can compare the U-6 numbers now against other times in history and see that unemployment is indeed low right now.