The Government Statistic that makes Zero Sense and is Laughable!
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- Опубликовано: 1 окт 2024
- The unemployment rate, often reported as a single percentage, can sometimes be seen as misleading due to various factors that can affect its accuracy and relevance. Here are some reasons why a 4% unemployment rate might be seen as laughable or misleading:
Underemployment: This figure does not account for people who are working part-time but desire full-time work or those who are in jobs that don't match their skill levels.
Labor Force Participation: The unemployment rate only includes those actively seeking work. It doesn't count discouraged workers who have stopped looking for a job or those not seeking employment for other reasons.
Gig Economy: With the rise of the gig economy, many individuals might be employed in precarious, low-paying, or temporary jobs that don't offer stability or benefits.
Regional Variations: National averages can hide significant regional differences. Some areas might have much higher unemployment rates, while others might have lower rates.
Quality of Jobs: The unemployment rate does not reflect the quality of the jobs people hold. An economy can have a low unemployment rate but still have a significant number of people in low-wage, insecure jobs.
Informal Economy: In some regions, a significant portion of employment may be in the informal sector, which is not captured in official statistics.
Understanding these nuances helps in grasping why the official unemployment figure might not fully represent the economic reality for many individuals.
Ik unemployment numbers are cooked. To bad most people are sheep
❤thanks for the comment!
I agree. I see way too many people these days with so much free time (9am Yoga Classes at my wife’s place are full)…just go out and about around 2pm after lunch hour today and the establishments will be full. I think most people are walking around these days with their heads in the clouds and leveraged to the hill in debt. I’m in defense and it’s been booming lately but as of about 2 months ago the recruiting calls have dropped off and sales are down.
❤thanks agree with you input too many people without something to do
Salam dari Indonesia!!!
Saya mengenal orang ini, sangat baik dan jujur
It’s funny because I had this thought yesterday when I went to Costco at 11:30 am and it was packed like it was 1pm on a Sunday lmao
I freelance so I can do this but I thought everyone else had normal jobs 🤔
Kent , I have watched you since 2018 , your on the right track , give crypto teacher a watch on RUclips to fill in your blanks. You won’t be disappointed and pay attention to EOS , it’s ready to show the world it’s not dead.
❤Thanks for the views 2018 is a long time. Will check out crypto teacher. EOS just issued another 1billion to the float hopefully they can generate some activity!
Are you sending me messages on Instagram? Kent?