Focusing on just unemployment is a trick the capitalists play because what they care about are the people not working receiving benifits, not the actual economic outlook of those unemployed.
It doesn’t matter which number you’re focusing on, the trend is still positive (meaning good, not +) over time. All the U numbers are super highly correlated.
It’s not a vacuum, wage growth has been accompanied by record low unemployment
Unemployment is at 3.7% with 6.1 million people. That number more than doubles if you include people out of the workforce that want a job and then triples when you include people in part time positions that would prefer a full time job.
Focusing on just unemployment is a trick the capitalists play because what they care about are the people not working receiving benifits, not the actual economic outlook of those unemployed.
It doesn’t matter which number you’re focusing on, the trend is still positive (meaning good, not +) over time. All the U numbers are super highly correlated.