jaykrown@lemmy.world to Ask Lemmy@lemmy.worldEnglish · 7 days agoDo we have a good idea as to why this has flattened out?lemmy.worldimagemessage-square24linkfedilinkarrow-up144arrow-down17file-text
arrow-up137arrow-down1imageDo we have a good idea as to why this has flattened out?lemmy.worldjaykrown@lemmy.world to Ask Lemmy@lemmy.worldEnglish · 7 days agomessage-square24linkfedilinkfile-text
minus-squareSkyrmir@lemmy.worldlinkfedilinkEnglisharrow-up3·7 days agoIt’s also important to remember U-3 is a rate, not a count. Labor force participation is closer to a count, but has to use calculated values over longer periods, making it more of a rough estimate.
minus-squareSinAdjetivos@lemmy.worldlinkfedilinkarrow-up2·7 days agoAlso that U-3 is a very specific metric that is notorious for undercounting.
It’s also important to remember U-3 is a rate, not a count. Labor force participation is closer to a count, but has to use calculated values over longer periods, making it more of a rough estimate.
Also that U-3 is a very specific metric that is notorious for undercounting.