Say Hello to Full Employment

Re:Say Hello to Full Employment by oculusthrift on Friday July 06, 2018 @11:18PM (#17476776)

So if i’m despondent and give up searching for a job then doesn’t U-3 unemployment go down and therefore wouldn’t using a definition that included the despondent not be linearly dependent?

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Re:Say Hello to Full Employment by indecisive_user on Friday July 06, 2018 @11:49PM (#17476869)

Though it seems hypothetically possible for what you're saying to happen, the data shows there's a linear relationship between many different definitions of unemployment throughout the years in the US.

https://www.bls.gov/opub/ted/2018/u-3-unemployment-rate-was-...

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Re:Say Hello to Full Employment by a3n on Saturday July 07, 2018 @12:31AM (#17477014)

Yes, if your job is to track that analyze it and report on it.

But U3 is fine for year-to-year readings of employment temperature for lay people like most of us.

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