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Next time you are on the street ask some random passersby what the difference between the U-3 unemployment rate and the U-6 unemployment rate. You're gonna get
by macinjosh 4y ago
Next time you are on the street ask some random passersby what the difference between the U-3 unemployment rate and the U-6 unemployment rate. You're gonna get a bunch of blank stares unless you are on the campus of an economics college.
- alistairSH 4y agoRandom passersby is a really low bar. Many won't be able to place nations on a map or name the Speaker of the House either. Which is why throwing out U-6 as a "gotcha!" is so dangerous - somebody who doesn't know better might believe the government is trying to hide something.