• thekbob@beehaw.org
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    1 year ago

    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.

    • Scrumpf_Dabogy@beehaw.org
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      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.