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• booly@sh.itjust.works ⁨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.

  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.

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  • 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.

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    • 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

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      • SoftestSapphic@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

        “Indignant slave mocks another slave to make themselves feel better.”

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    • 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.

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      • SoftestSapphic@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

        Unemployment statistics do not show an accurate picture of the people who are unemployed based on the definition of unemployed that is used by regular human beings.

        I understand the stat looks good, because the definition of the stat excludes growing groups of people who we would consider unemployed.

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    • 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

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