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Unemployment is at historic lows because when people have been unemployed for over one year, or if they stop looking, they're no longer counted. It's not much
by cbozeman 3y ago
Unemployment is at historic lows because when people have been unemployed for over one year, or if they stop looking, they're no longer counted.
It's not much different than China stopping the reporting on their current youth unemployment issue.
"It's not a problem, because we're no longer studying it, therefore it is not a problem."
I suspect the real, actual unemployment number in America is far higher than the official reports.
- okaram 3y agoUnemployment is low because the economy is growing, and our population has been getting older on average. We have many different ways of measuring unemployment, which count different things. For example, employment to population ratio of prima age (25-54) is at 80.8%, just shy of the all time high of 81.9%. It is very different than China, and there's no information being hidden.