Exclusive: America's true unemployment rate

submitted by Zapped from axios.com

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[–]Zapped[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

This article and stats are from October of 2020. I recently heard that the true unemployment rate is still hovering around 25%. If anyone has a source on that, please show the link here or start another post.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Trump was saying that back in 2014.

WaPo article who doesn't entirely agree or disagree.

I think the real unemployment was near 50% years ago. God knows what it is right now. Back in the Clinton days it used to be weird to see a guy outside during the day. People would ask why you weren't at work.

Even before Covid nobody blinked anymore why so many people were suddenly out during the day.

Now... I'd say less than 20% of people I know have decent, well paying employment. The living wage was $15 ten years ago. People were going to work and ultimately losing money so they gradually left the job force.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

unemployment is zero, because of their being more jobs than workers

If someone just doesn't want to work they're not counted in unemployment.