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Not all 'normal income' is from a "job" as we think of it and assuming that does not even come close to passing any informed person's smell test. Parsing tax o
by RC_ITR 1y ago
Not all 'normal income' is from a "job" as we think of it and assuming that does not even come close to passing any informed person's smell test.
Parsing tax or SS payments for what a "job" is would be a logistical nightmare, because that's not what the system is designed for (unlike the BLS's system, which is designed to count jobs).
- riazrizvi 1y agoWhen ppl want job numbers they want a reliable proxy for the state of the economy. Fixing it on changes to payroll-based social security payments would be far better than what we have now, if timely.
- RC_ITR 1y agoSure, that's personal income and can be found here: https://fred.stlouisfed.org/series/PINCOME https://fred.stlouisfed.org/series/PINCOME