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A comment on Private sector lost 33k jobs, badly missing expectations of 100k increase. Parent comment

Re:Private sector lost 33k jobs, badly missing expectations ... by MangoToupe on Wednesday July 02, 2025 @01:38PM (#44446590)
The harm is when people take the metric as literally "what percentage of people who want to be employed can find a job", which U-3 emphatically does not represent.
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Re:Private sector lost 33k jobs, badly missing expectations ... by jacobr1 on Wednesday July 02, 2025 @03:33PM (#44447888)
It doesn't directly measure it, true. But the parent poster was saying it has extremely high positive correlation to measures that do measure it, so it probably doesn't matter.
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Re:Private sector lost 33k jobs, badly missing expectations ... by gruez on Wednesday July 02, 2025 @10:38PM (#44451106)
By that logic should we also further broaden "unemployment" to mean "100% - employment rate"? That's a pretty common misconception as well, maybe even more common than the one you listed.
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