Sardor Gulyamov

@sardor.bsky.social

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enjoy things mathematical(-ish) - aspiring graduate student

Time series comparing True Rate of Unemployment, as defined by LISEP, and the U-3 unemployment rate
Excerpt of the politico article that the original post is referring to. The text reads "I don’t believe those who went into this past election taking pride in the unemployment numbers understood that the near-record low unemployment figures — the figure was a mere 4.2 percent in November — counted homeless people doing occasional work as “employed.” But the implications are powerful. If you filter the statistic to include as unemployed people who can’t find anything but part-time work or who make a poverty wage (roughly $25,000), the percentage is actually 23.7 percent. In other words, nearly one of every four workers is functionally unemployed in America today — hardly something to celebrate."
Time series of the True Rate of unemployment as defined by the Ludwig Institute for Economic Prosperity and the unemployment rate reported by BLS.