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Right, unless this is counting some broad definition of "underemployed" its obviously off by a large multiple. What is interesting though is that, despite what
by steveBK123 1mo ago
Right, unless this is counting some broad definition of "underemployed" its obviously off by a large multiple.
What is interesting though is that, despite whatever they are trying to convey about how high their made up rate is.. we are at a lower rate of unemployment than the entirety of 1995-2019?
- tedmiston 1mo agoDid you read the post at all? Their definition is clearly stated in the first paragraph: Using data compiled by the federal government’s Bureau of Labor Statistics, the True Rate of Unemployment tracks the percentage of the U.S. labor force that does not have a full-time job (35+ hours a week) but wants one, has no job, or does not earn a living wage, conservatively pegged at $26,000 (in 2025 dollars) annually before taxes.