When the definition of unemployed is changed to exclude the majority of working age people without jobs then it is no longer a helpful statistic.
U-3 has used the same definition of unemployed since 1940.
Whatever metric you want to use, you should look at that number and how it changes over time, to get a sense of trend lines. LISEP says the “true” unemployment rate is currently 24.3% in May 2025, which is basically the lowest it’s ever been.
Since the metric was created in 1994, the first time that it dipped below 25% was briefly in the late 2010’s, right before COVID, and then has been under 25% since September 2021.
Under this alternative metric of unemployment, the unemployment rate is currently one of the lowest in history.
You’re the one saying we shouldn’t be cross comparing different numbers with different meanings… While literally comparing different numbers with different meanings to support your point
When the definition of unemployed is changed to exclude the majority of working age people without jobs then it is no longer a helpful statistic.
That’s why we see people calculating real unemployment with other variables.
U-3 has used the same definition of unemployed since 1940.
Whatever metric you want to use, you should look at that number and how it changes over time, to get a sense of trend lines. LISEP says the “true” unemployment rate is currently 24.3% in May 2025, which is basically the lowest it’s ever been.
Since the metric was created in 1994, the first time that it dipped below 25% was briefly in the late 2010’s, right before COVID, and then has been under 25% since September 2021.
Under this alternative metric of unemployment, the unemployment rate is currently one of the lowest in history.
I don’t know how to make you engage with reality.
Slaves arguing for their continued enslavement is just something i will never understand.
You can’t understand because you can’t even read the numbers in your own sources haha
I didn’t post any numbers.
“Indignant slave mocks another slave to make themselves feel better.”
Haha
You’re the one saying we shouldn’t be cross comparing different numbers with different meanings… While literally comparing different numbers with different meanings to support your point