3 ms·
Given all of that, the unemployment rate is still only 4.5%.
by charliea0 1y ago
Given all of that, the unemployment rate is still only 4.5%.
- toomuchtodo 1y agoSounds like the metric is unreliable and cannot be trusted as input for policy, based on the evidence and ground truth. U-6 (the most inclusive unemployment rate) is 8.1 as of this comment, the highest it’s been in the last five years: https://fred.stlouisfed.org/series/U6RATE https://fred.stlouisfed.org/series/U6RATE So, start cutting labor visas until the unemployment rate improves. The domestic labor clearly exists.
- toomuchtodo 1y agoAdditional citation: Millions of Workers Are Left Out of the 'Low-Hire, Low-Fire' US Job Market - https://news.ycombinator.com/item?id=45414795 https://news.ycombinator.com/item?id=45414795 - September 2025