| ▲ | hirako2000 4 hours ago | |||||||
The revelation is that the official unemployment rate is so skewed it is meaningless, even misleading since high unemployment is a serious social issue thus should be a high priority political concern. | ||||||||
| ▲ | reddozen 3 hours ago | parent [-] | |||||||
There is no revelation. The authors are intentionally misleading you by comparing 2 different metrics to pretend their formula is meaningfully different than what BLS provides. "Headline" unemployment rate is U-3 unemployment. If they compared "TRU" to it's analogous match U-6 the graph would be less striking as it's a 1:1 match. | ||||||||
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