LogFAQs > #924591357

Taily_Po posted...

ParanoidObsessive posted...

"Lowest unemployment in X" is kind of a meaningless stat, when you realize that unemployment stats generally only count people collecting unemployment, which means anyone who has been unemployed long enough to stop being eligible for unemployment no longer exist according to the statistics.

That's actually a common misconception. In reality, it's apparently done by survey.

https://www.bls.gov/cps/cps_htgm.htm#where

Unless it works differently for some of these alternative media and they choose to rely on something else.

the most commonly cited unemployment number is U-3 unemployment, which explicitly excludes discouraged workers, you absolute rube.