JobCorps.Gov: free job training, food, housing and living allowance

Re:JobCorps.Gov: free job training, food, housing and living... by cbozeman on Thursday August 17, 2023 @11:51PM (#37171220)

Unemployment is at historic lows because when people have been unemployed for over one year, or if they stop looking, they're no longer counted.

It's not much different than China stopping the reporting on their current youth unemployment issue.

"It's not a problem, because we're no longer studying it, therefore it is not a problem."

I suspect the real, actual unemployment number in America is far higher than the official reports.

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Re:JobCorps.Gov: free job training, food, housing and living... by okaram on Friday August 18, 2023 @01:36AM (#37171689)

Unemployment is low because the economy is growing, and our population has been getting older on average.

We have many different ways of measuring unemployment, which count different things. For example, employment to population ratio of prima age (25-54) is at 80.8%, just shy of the all time high of 81.9%.

It is very different than China, and there's no information being hidden.

[ Parent | on HN ]