The problem with the unemployment statistic is that it doesn’t include most people we would consider unemployed. If a person hasn’t actively been job searching in the past four weeks, they are not counted. Therefore it does not count prisoners, full-time students, retirees, most of the homeless, etc.
Yeah I’m seeing 40k but a bunch of other numbers as well, some above 50k. It really comes down to how you measure it but in any case the numbers in the meme don’t make sense.
BTW though unemployment is not the same as number of people not working. It refers just to people actively looking for a job that aren’t employed.
That’s probably the number that includes people that don’t work though… all the income numbers would shift down in that case
That’s generally excluded and even if it’s not unemployment has been very low recently
The problem with the unemployment statistic is that it doesn’t include most people we would consider unemployed. If a person hasn’t actively been job searching in the past four weeks, they are not counted. Therefore it does not count prisoners, full-time students, retirees, most of the homeless, etc.
Yeah I’m seeing 40k but a bunch of other numbers as well, some above 50k. It really comes down to how you measure it but in any case the numbers in the meme don’t make sense.
BTW though unemployment is not the same as number of people not working. It refers just to people actively looking for a job that aren’t employed.
I think it’s just hyperbole. The median numbers are accurate enough even if meme was made 5 years ago
But none of the numbers in the meme are medians… they’re all averages. If they were all medians they wouldn’t change at all.