Hello friend.
This point has been discussed elsewhere in the thread. I hope you have a nice afternoon.
From your own source on “true” unemployment, it’s the lowest it has been since they started calculating it. It peaked in 09 at 35% and again in COVID, but all through the early 00s it was between 28% and 30%.
You can’t use that number as evidence we “already crashed”, because as we’ve seen in other actual crashes it spikes up to 35%.
FlashMobOfOne@lemmy.world 3 weeks ago
SoftestSapphic@lemmy.world 3 weeks ago
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.
booly@sh.itjust.works 3 weeks ago
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.
SoftestSapphic@lemmy.world 3 weeks ago
I don’t know how to make you engage with reality.
Slaves arguing for their continued enslavement is just something i will never understand.
Lv_InSaNe_vL@lemmy.world 3 weeks ago
You can’t understand because you can’t even read the numbers in your own sources haha
chicken@lemmy.dbzer0.com 3 weeks ago
The comments you’re responding to are not making that kind of general argument though, they are only talking about whether a specific claim makes sense.
Bronzebeard@lemmy.zip 2 weeks ago
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