It’s not bullshit. Why would you count stay at home parents who are not looking for a job because they have no interest in them? Why would you count people going to school with the plan of helping themselves out in the future?
It’s not perfect because, as you point out, some people get discouraged and drop out. But considering there is a labor shortage right now, this argument doesn’t make much sense as these people should be rejoining the work force.
Unemployment numbers are bullshit because it specifically drops any that haven’t found work in months.
And then to rub it in, even if you’re unemployed, your benefits are garbage, and not need-based.
You’re talking about the U6 numbers. Those are tracked as well
https://www.bls.gov/news.release/empsit.t15.htm
It’s almost as if half of these comments are economically illiterate.
Its irritating to see twitter-level bullshit starting to creep in here
It’s irritating to see condescension and people being needlessly smug too.
It’s not bullshit. Why would you count stay at home parents who are not looking for a job because they have no interest in them? Why would you count people going to school with the plan of helping themselves out in the future?
It’s not perfect because, as you point out, some people get discouraged and drop out. But considering there is a labor shortage right now, this argument doesn’t make much sense as these people should be rejoining the work force.