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 1 day ago
SoftestSapphic@lemmy.world 1 day 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 1 day 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 1 day 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 1 day ago
You can’t understand because you can’t even read the numbers in your own sources haha
Bronzebeard@lemmy.zip 12 hours 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
chicken@lemmy.dbzer0.com 1 day 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.