jaykrown@lemmy.world to Ask Lemmy@lemmy.worldEnglish · 5 days agoDo we have a good idea as to why this has flattened out?lemmy.worldimagemessage-square31fedilinkarrow-up149arrow-down18file-text
arrow-up141arrow-down1imageDo we have a good idea as to why this has flattened out?lemmy.worldjaykrown@lemmy.world to Ask Lemmy@lemmy.worldEnglish · 5 days agomessage-square31fedilinkfile-text
minus-squareFishFace@lemmy.worldlinkfedilinkarrow-up6·5 days 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-up3·5 days 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-up2·5 days 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.