Nearly 25% of U.S. workers are functionally unemployed, economic analysis finds

Discussion (5 Comments)Read Original on HackerNews

AnimalMuppet•about 4 hours ago

Well, that explains some things. It explains why the employment statistics look good, but so many people are not making it.

toomuchtodo•about 4 hours ago

On a recent APM Marketplace episode, they talked to several people who have been unemployed for over a year and that this metric isn’t captured anywhere.

The metrics are not reflecting reality, while being used to justify not using aggressive intervention to improve.

OgsyedIE•25 minutes ago

Krugman famously claimed that the CPI becomes more useful when you remove food, energy, cars and fuel from it. There seems to be some foundational philosophical issues with deciding what the field of economics is supposed to accomplish.

lostmsu•about 3 hours ago

They are trying to present a new unemployment metric as more reasonable, but throughout the article only give 2 data points making it impossible to judge except from prior bias.

Noumenon72•about 1 hour ago

Yup. Some other ways to read the headline are "Nearly 25% are unemployed according to a measure that has never not measured that nearly 25% are unemployed" or "Nearly 25% are unemployed according to a measure that could have been at 2% or 98% until December 2025. We didn't check any farther back than that."

Nearly 25% of U.S. workers are functionally unemployed, economic analysis finds

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Discussion (5 Comments)Read Original on HackerNews