1275
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 18 Jan 2024
1275 points (100.0% liked)
Political Memes
5603 readers
191 users here now
Welcome to politcal memes!
These are our rules:
Be civil
Jokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.
No misinformation
Don’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.
Posts should be memes
Random pictures do not qualify as memes. Relevance to politics is required.
No bots, spam or self-promotion
Follow instance rules, ask for your bot to be allowed on this community.
founded 2 years ago
MODERATORS
Unemployment is measured as people who are eligible and looking for work but not employed. People who have left the workforce for reasons other than getting laid off/fired (like quitting to take care of a sick family member) or people who have given up looking for work are not counted, even if they want a job. It's measured by a CPS survey of 60,000 households, and I doubt it includes homeless people (or anyone without a permanent address).
I've heard the opposition party claim the unemployment is under-counted during the Obama, Trump, and Biden years by excluding job seekers who have given up on finding employment. That's probably true, but if it is it has probably been pretty consistently under-counted for decades by both parties.
People that give up are no longer "unemployed", which is why they aren't counted. They wouldn't even count in the labor force either, which is the sum of unemployed and employed people.
Right, and the argument that many Republicans made during the Obama years and many Democrats made during the Trump years is that they should count in the labor force, because they want to be in the labor force but have been disenfranchised. Then there's also the people who are no longer counted because their state has pushed them off Welfare and moved them onto Disability, which has no pathway back to the workforce. It's a very long story involving Welfare reform and a lack of job opportunities, but low unemployment and Welfare rates are greatly impacted by people who want to work but are forced into going on disability.
Yeah I didn't mean to shit on Biden or anything; just seems like we're not quantifying this in a very meaningful way.
It'd be like celebrating that food insecurity is at an all time low! woohoo!! ......because access to affordable food is now so bad that 75% of the people dealing with food insecurity have starved to death since it was last measured.
(numbers pulled from ass for demonstration sake)
Yeah, for sure. My point is just that any under-count has probably been relatively consistent for at least 20 years, so the number is most likely reliably wrong if it's wrong. If the numbers say unemployment is down under Biden, it probably is down under Biden, even if it's not as low as the report says.