3 ms·
Looking at the "True Rate" vs "Headline Rate" graph.... The "Headline Rate" seems to be a good proxy for the "True Rate". As long as we are not comparing them
by j16sdiz 1mo ago
Looking at the "True Rate" vs "Headline Rate" graph....
The "Headline Rate" seems to be a good proxy for the "True Rate".
As long as we are not comparing them in the absolute term, what's the problem?
- riffraff 1mo agoan unemployment rate of about 3-4% is considered "full employment" aka "we're good". If you switch the perspective to this other rates it shows there's a lot of work to do to reach "true full employment".