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No. I wouldn't look at the month to month; focus on annual statistics and larger trends. Monthlies are mostly for posturing and hot takes (like say, "human at t
by FLeXMurphy 2mo ago
No. I wouldn't look at the month to month; focus on annual statistics and larger trends. Monthlies are mostly for posturing and hot takes (like say, "human at the helm"), not for the over all trend of the country.
Both US and Canada play games with the word "unemployment", whose definition is very questionable in and of itself.
- edoceo 2mo agoThe article says lowest in 2 years. That's not monthly. Also has a chart going back to 2021 (when the rate was like 9%). But this current rate (6.4) is above the lowest of the last five years (5%)
- xboxnolifes 2mo agoIt's still monthly if you're only looking at a single monthly point outlier (1 month happened to be the lowest in 2 years). If unemployment stays (or improves) at this level for another month or two, then I'd start listening. Otherwise it's a blip.
- tharmas 2mo agoYeah, I wish journalists would just look up the EM-ployment rate and go from there. The official "unemployment" rate is based on who is collecting benefits. It doesn't count those unemployed but not collecting benefits.