Yes, thank you.

For example, unlike alternative measures like the U6 rate, the traditional unemployment rate doesn’t factor in those who have given up on finding work entirely or have been looking for more than 27 weeks. This is a lot like issuing a car satisfaction survey but excluding people with transmission or engine problems. Sure, they may be a small number, but excluding the worst results won’t paint a fully accurate picture.
Why The Unemployment Rate Doesn’t Matter
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Peter Shanosky
Michelle Teheux
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Feb 13, 2023
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Yes, thank you. I used to ask how anyone could "give up" -- didn't they have bills? Now I get it. There's a reason I settled on freelance, and that reason is not that I really wanted to do freelance.
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Written by Michelle Teheux
15.9K Followers
·868 Following
Lover of literature. Former newspaper editor. Fascinated by everything. Contact: michelleteheux@gmail.com. To buy me a coffee: https://ko-fi.com/michelleteheux
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