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> high employment rates For what little it's worth, I never trust this statistic because the unemployment rate calculation doesn't count certain types of peopl
by logicalmonster 3y ago
> high employment rates
For what little it's worth, I never trust this statistic because the unemployment rate calculation doesn't count certain types of people: such as those who've given up looking for work. Given the weird times and general malaise of society, this might be a non-trivial variable right now. I could be wrong about this, but it remains a possibility that we're not getting the right picture of what's happening.
- ghaff 3y agoThere are other unemployment measures you can go by if you don't like the one that "everyone" quotes.
- TheCoelacanth 3y agoPeople always bring this up, but there are a myriad of different metrics that include all kinds of different groups, like people who want work but have given up on finding work or people who are working less but than they want to. All of those measures are highly correlated with each other and move nearly in lockstep with each other.