I only recently learned how the ""unemployment rate"" is calculated. Insane.
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Date: April 6th, 2026 10:57 PM Author: curious box office sneaky criminal
It only counts people who are actively searching for a job. So it excludes people who have given up on finding a job because they've been searching so long without luck.
I suppose it would be DEFENSIBLE to exclude the people who don't WANT a job at all: adults who are content living in their parents' basements and never even tried to find a job, or gave minimal effort. But realistically, a TONNNNN of people who have dropped out of the workforce (by those disingenuous standards) did so because they decided there WEREN'T any jobs for them and gave up.
Fortunately you can calculate the ACTUAL unemployment rate because the numbers are released for all of the categories, and you can work backwards by excluding retired people, people too disabled to work, and so on. Generally it's around 2x the reported unemployment rate.
Fake and gay, it's all fake and gay. The government is constantly gaslighting us.
(http://www.autoadmit.com/thread.php?thread_id=5854380&forum_id=2,#49799218) |
Date: April 7th, 2026 9:40 AM Author: pontificating nursing home
All of these stats are fake, flame, and fraudlies, but labor force participation is closer to a useful metric than unemployment. Labor force participation was consistently between 66 and 68% between 1988 and 2008. For the last 18 years, it's been on a steady march down (minus a big swing down then back up for covid lock downs). It's at 62% and continuing to fall today.
https://fred.stlouisfed.org/series/CIVPART
(http://www.autoadmit.com/thread.php?thread_id=5854380&forum_id=2,#49799790) |
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