Comment on Watch: Billionaire CEO says unemployment 'has to jump' to put 'arrogant' workers in their place

• squiblet@kbin.social ⁨1⁩ ⁨year⁩ ago

  It is low now, but also (in the US) the last few administrations played games with how they defined it, mainly by excluding people who had basically given up on finding employment.

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  • wintermute_oregon@lemm.ee ⁨1⁩ ⁨year⁩ ago

    That’s nothing new. That’s how it’s always been defined. I’m not unemployed if I’m not looking for work. Otherwise housewives would be unemployed, disabled people, pensioners, etc.

    The one weird part is people transitioning just are counted towards the unemployed numbers even though they have a job coming.

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    • squiblet@kbin.social ⁨1⁩ ⁨year⁩ ago

      They expanded the definition 5-10 years ago at various times, which resulted in a lower reported rate.

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      • wintermute_oregon@lemm.ee ⁨1⁩ ⁨year⁩ ago

        You have a cite for that?

        According to this it hasn’t changed since 1945 when it was defined.

        pewresearch.org/…/employment-vs-unemployment-diff….

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