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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 phendrenad2 on Thursday July 03, 2025 @01:09AM (#44451813)
Supposed to, but doesn't. The U6 rate includes two new things: part-time workers, and a very strangely-defined category: people who are NOT working at ALL, AND were looking for work previously, AND have stopped looking for 4+ weeks.

It doesn't capture the common on-the-street definition of the word "underemployment", such as a tech worker flipping burgers at mcdonald's.

Perhaps that category is simply to hard or expensive to measure, or it's specifically being avoided. Either/or really.

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Re:Private sector lost 33k jobs, badly missing expectations ... by wnc3141 on Thursday July 03, 2025 @12:12PM (#44456538)
the only signal I can think of is returns on student debt to measure "employment quality" - i.e how well is my education capital being deployed, but any realistic evaluation of the labor market will be complex and include qualitative data.
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Re:Private sector lost 33k jobs, badly missing expectations ... by pkaye on Thursday July 03, 2025 @03:56PM (#44458642)
Seems like its studied and there are many types of underemployment and they each have difference causes. Its probably tracked somewhere by economists.

https://en.wikipedia.org/wiki/Underemployment

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Re:Private sector lost 33k jobs, badly missing expectations ... by phendrenad2 on Monday July 07, 2025 @08:08AM (#44489505)
[delayed]
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