alt Hacker News> The ungameable statistic
How are the normal unemployment rates (U-3, U-6, etc.) "gamed" exactly? Or, put another way: what would you do differently?
> The ungameable statistic
How are the normal unemployment rates (U-3, U-6, etc.) "gamed" exactly? Or, put another way: what would you do differently?
U-3 Unemployment doesn't include people not actively looking for work, people making less than they'd like, or working less than they'd like.
https://www.lisep.org has alternate measures that try accounting for take home wages as well as seasonal variability (construction is noted as being volatile but relatively well paying).