this post was submitted on 08 Jul 2023
156 points (100.0% liked)

Politics

10176 readers
200 users here now

In-depth political discussion from around the world; if it's a political happening, you can post it here.


Guidelines for submissions:

These guidelines will be enforced on a know-it-when-I-see-it basis.


Subcommunities on Beehaw:


This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[โ€“] thekbob@beehaw.org 3 points 1 year ago (1 children)

Unemployment is one of the most cooked statistics by the federal government; they have several so they can choose the most ideal to report. The real issue is that unemployment also accounts for people who left the market, aka disabled, left-behind, or those with long term disability due to COVID. So unemployment looks great when you remove all the people deemed not fit for capital to exploit further.

[โ€“] Scrumpf_Dabogy@beehaw.org 1 points 1 year ago

Its difficult to find a good measurement for a country's success. See Campbell's Law. But yeah, unemployment has been a bad metric from the start. They just keep using it because people don't know it's a bad metric.