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Culture War Roundup for the week of October 14, 2024

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Then we get to "unemployment". It's super fake. The male, prime age employment rate was nearly 95% in 1968. Today, it is just 86%. That's 9% of men age 25-54 who are not employed. But they are not counted as "unemployed" either. It's all fugazi.

Without wishing to be flippant, statistics measure what they measure, and it's absurd to get annoyed because a statistic designed to measure something (i.e. unemployment among people in the workforce) measures that thing, and not something else you think is actually more important. It's not 'fugazi', no-one is trying to pull the wool over your eyes - in fact you prove this very point - if you want you can look at other statistics - LFPR, U-6 Unemployment, whatever you like. Is your objection to the whole concept of U3 unemployment as a statistic. Should we not collect such data because you prefer U6? Seems a bizarre way of interacting with the world.

Do some people not understand the distinctions when a big headline reads 'unemployment at X%'? No doubt, but that is a problem with media literacy not with the statistics.

Is your objection to the whole concept of U3 unemployment as a statistic. Should we not collect such data because you prefer U6?

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Nobody should be reporting on U3. They should be reporting on U6 and LFPR.

It's perfectly reasonable to be annoyed at deliberately misleading statistics.

Nobody should be reporting on U3. They should be reporting on U6 and LFPR.

I mean given that these all measure different things they surely all have there place and importance. LFPR is important, but it is obviously a very distinct social question to 'how many people who want work can't find it', which I would argue is a lot closer to what most people are driving at when they use the term 'unemployment' in common parlance.

deliberately misleading statistics.

'Deliberately'? Again, statistics measure what they measure. If someone misinterprets or misuses a particular statistic, it is not the statistic itself which is flawed but the interpretation. Remember, it is not U-3 is the new innovation but U-6, which only goes back to the nineties. Incidentally, U-6 tracks U-3 pretty reliably over it's total span, so any conclusions one was drawing from U-3 (since change over time is generally the focus) would be pretty much replicated by looking at U-6.

U-6 includes workers employed part time for economic reasons plus persons 'marginally attached' to the workforce -- those who have looked for a job in the last 12 months but are not currently looking for work.

This is the spread -- U-6 minus U-3, that is, the marginally attached plus the part-time for economic reasons. It tends to follow the unemployment rate, so this is the percentage spread (U-6 minus U-3, over U-6). Neither is particularly high right now.

it's absurd to get annoyed because a statistic designed to measure something (i.e. unemployment among people in the workforce) measures that thing,

No, it isn't absurd. Words have common definitions, which the agency can't just redefine.

If they had called it the "job-seeker-limited jobs index" or something else which can't easily be treated as though it just means the common definition of "unemployed" we wouldn't have this problem. The statistic is, by its name, "designed" to mislead.

Words have common definitions, which the agency can't just redefine.

When has unemployment not referred primarily those out of work who are seeking jobs?

"Unemployment" has been limited to that since the 1930s. And the term seems to be mostly limited to the concept that the agency measures.