3 ms·
The media doesn't normally latch on to metrics that include people not looking for work as they look for the cheap and easy soundbites, but the government count
by randomdata 4y ago
The media doesn't normally latch on to metrics that include people not looking for work as they look for the cheap and easy soundbites, but the government counts them. There are many measures of unemployment to account for all the different ways you might want to look at things. Why wouldn't they maintain multiple measures of unemployment? It is obviously something that cannot be summed up in a single figure.
- alistairSH 4y agoThe media (almost) always uses U-3. It's the agreed upon value. The others exist and get updated at the same time, but for most purposes U-3 is good enough. The other values generally track along with U-3, they really only matter when that correlation breaks (ie, it's good to check them, but you only mention them when there's something interesting with them specifically).
- randomdata 4y agoYes, that's what I said, making it ridiculous to claim that the government doesn't count them. Why wouldn't they count them? It doesn't require all that much additional effort.