Curious what shift there has been in full time/part time numbers. Full time wages going up is great for those who are experiencing it, but if there are less actual full timers, is that an improvement?
The art of a good statistician is to make sure what their numbers are saying is an actual reflection of reality. I'm not saying this graph is falsified, I don't know. But numbers can be made to say anything. I learned this years ago in arguments about what "unemployment" meant. It's much more complex than a single number, but a single number is used in the media because it's easier to paint the picture wanted.
iopq@lemmy.world 1 week ago
More full time jobs
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Rhaedas@fedia.io 1 week ago
Yes, definitely increased some. Where's the rest of the data, such as part time or unemployed, or even population growth? Like I said, a single number means not so much without context. But it's an impressive graph.
iopq@lemmy.world 1 week ago
Unemployment is very low
Not really an improvement from 2019, but basically has been around that 4% value for a while
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In fact, president Biden noted “unemployment has been at or below 4% for 30 months—the longest stretch in 50 years.”
Rhaedas@fedia.io 1 week ago
Yes, there is a low unemployment number. As with the rest, you haven't validated that it's a good measure of the current state of things. It's arguably never been.