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>Calculation of unemployment and real debt has seldom matched the norms of most other western countries Source? For unemployment, isn't the U-3 definition used
by gruez 8mo ago
>Calculation of unemployment and real debt has seldom matched the norms of most other western countries
Source? For unemployment, isn't the U-3 definition used for "headline unemployment" consistent to most other countries?
- malfist 8mo agoIt is. Just fox news screams about the "true unemployment" U6 number when Democratics are in charge and then go back to reporting on U3 when a Republican is in office. That said, measurement is not as easy today with so many gig workers. Government data is often driven by proxies because its too hard to measure directly and the number of people getting an llc for their uber/doordash/lyft/etc job is throwing off our math. Government currently uses number of new businesses as a proxy since generally people starting businesses are hiring people.
- kQq9oHeAz6wLLS 8mo ago> Just fox news screams about the "true unemployment" U6 number when Democratics are in charge and then go back to reporting on U3 when a Republican is in office. To be fair, CNN and MSNBC do the same in reverse.
- rkuykendall-com 8mo agoCNN and MSNBC are not propaganda networks in the way that Fox is.
- kQq9oHeAz6wLLS 8mo agoOr, you've bought into the propaganda and you have lost your objectivity.