They are trying to present a new unemployment metric as more reasonable, but throughout the article only give 2 data points making it impossible to judge except from prior bias.
On a recent APM Marketplace episode, they talked to several people who have been unemployed for over a year and that this metric isn’t captured anywhere.
The metrics are not reflecting reality, while being used to justify not using aggressive intervention to improve.
They are trying to present a new unemployment metric as more reasonable, but throughout the article only give 2 data points making it impossible to judge except from prior bias.
Well, that explains some things. It explains why the employment statistics look good, but so many people are not making it.
On a recent APM Marketplace episode, they talked to several people who have been unemployed for over a year and that this metric isn’t captured anywhere.
The metrics are not reflecting reality, while being used to justify not using aggressive intervention to improve.