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fuoqitoday at 7:28 AM0 repliesview on HN

There are several factors which contribute to the "rosy" official picture:

- A lot of people participate in the gig economy instead of getting registered as unemployed.

- AI has eroded a lot of employment opportunities for graduates, i.e. people relatively active on social networks.

- Official data can be horribly inaccurate (phone surveys in 2025, seriously?) with grossly outdated models (remember the recent huge revisions?). Political pressure does not help here either.

- The unemployment stats do not account for significant downgrades in salary and working conditions. They will show the same picture for a person with a cushy office job and the same person working 2 jobs in retail from paycheck-to-paycheck.