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Higher than that. The data is not accurate. Most cities in the giant corporate I have info, the unemployment is way higher, just that it is being reclassified a
by Gow8876 3y ago
Higher than that. The data is not accurate. Most cities in the giant corporate I have info, the unemployment is way higher, just that it is being reclassified as something else to keep the number lower. Take a data scientist out of job for 6mths, he can do Dash or being a TikToker. But either he choose not to, or he did, the number not reflected in the government numbers. And it is NOT just data scientist. Plenty of jobs retrenched or in the process of doing so as require at least 3 mths in advance to report to government bureau before actual retrenchment can be performed. Wait you see Apr-May.
- bryanlarsen 3y ago> But either he choose not to, or he did, the number not reflected in the government numbers The data scientist doing Dash is underemployed and counted in the U6 numbers. Despite this, U6 numbers are well below historical averages.