3 ms·

honest question, because it's something I don't understand well. is it possible the quantity of job openings can mask the quality of jobs openings? if job openi

• nemomarx 9mo ago
  You want to look at info broken down by sector and wages yeah. Look into "underemployment" for more
• marcosdumay 9mo ago
  Yes, employment statistics rarely tell you anything about the quality of the jobs. And when they do tell something, it's the simplest information possible. But the statistics are selected in a way that if a society maintains a low headline unemployment for a long time, it's correlated to an increase in the quality of the jobs¹. The correlation is still not perfect, and authoritarian countries love to redefine the date so their absolute value changes. 1 - More clearly, a constant low unemployment correlates to a positive derivative in quality. And a constant high unemployment correlates to a negative derivative in quality.
• lotsofpulp 9mo ago
  Cash is king. Look at change in income by quintile (or preferably decile, but I was too lazy to check mark all those and make a graph) https://fred.stlouisfed.org/graph/fredgraph.png?g=1Q95B&height=490 https://fred.stlouisfed.org/graph/fredgraph.png?g=1Q95B&heig...