jaykrown@lemmy.world to Ask Lemmy@lemmy.worldEnglish · 23 hours agoDo we have a good idea as to why this has flattened out?lemmy.worldexternal-linkmessage-square30fedilinkarrow-up146arrow-down17file-text
arrow-up139arrow-down1external-linkDo we have a good idea as to why this has flattened out?lemmy.worldjaykrown@lemmy.world to Ask Lemmy@lemmy.worldEnglish · 23 hours agomessage-square30fedilinkfile-text
minus-squareFishFace@lemmy.worldlinkfedilinkarrow-up5·20 hours agoUnemployment in the USA has only gone up a small amount: But full time employment has fallen while part time has risen:
minus-squareSkyrmir@lemmy.worldlinkfedilinkEnglisharrow-up3·19 hours agoIt’s also important to remember U-3 is a rate, not a count. Labor force participation is closer to a count, but has to use calculated values over longer periods, making it more of a rough estimate.
minus-squareSinAdjetivos@lemmy.worldlinkfedilinkarrow-up2·16 hours agoAlso that U-3 is a very specific metric that is notorious for undercounting.
Unemployment in the USA has only gone up a small amount:
But full time employment has fallen while part time has risen:
It’s also important to remember U-3 is a rate, not a count. Labor force participation is closer to a count, but has to use calculated values over longer periods, making it more of a rough estimate.
Also that U-3 is a very specific metric that is notorious for undercounting.