Comment on

<- View Parent
htrayl@lemmy.world ⁨1⁩ ⁨day⁩ ago

Meh, please don’t quote unusual statistics without giving any context for how to interpet them.

For this value, it is calculated by:

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 $25,000 annually before taxes.

24.3% is not that out of the ordinary - you can see historical data back to like, 1995 here.

Not saying this stat is useless, but the way you’ve chosen to use it is intentionally and inaccurately inflammatory.

source
Sort:hotnewtop