4 ms·
Indeed, but how is that number calculated? The output of an algorithm is only as good as the data you choose to incorporate into it. I think the picture is pain
by AviationAtom 4y ago
Indeed, but how is that number calculated? The output of an algorithm is only as good as the data you choose to incorporate into it. I think the picture is painted rosier than it is, but also I think we have ample room to fall still.
- kube-system 4y agoIt's calculated like this: https://www.bls.gov/cps/cps_htgm.htm https://www.bls.gov/cps/cps_htgm.htm If you think it's wrong, there are other measures of household economic activity that can be used in conjunction. For instance, if people lose their jobs, they're going to spend less money, which hasn't happened yet (at least through Nov '22): https://www.bea.gov/news/2022/personal-income-and-outlays-november-2022 https://www.bea.gov/news/2022/personal-income-and-outlays-no...
- patrick451 4y agoRight, if we all became homeless and stopped looking for work, the unemployment rate would be 0%.