@fmanjoo it's very interesting to me how during the Obama years everybody became expert at vetting jobs report.
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TUnderemployment/long-term unemployment undercount due to method well-understood by economists. Not a controversy.
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Yep; better. U-6 hovers around 10% which is one in ten. And U-6 doesn't include underemployed who wants more hours etc.
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@fmanjoo *consistentlyThanks. Twitter will use this to make your timeline better. UndoUndo
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No, they aren't hidden; but US metric, by design, isn't good to explain what many actually experience in the labor market.
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Look; we had 18% U-6 in 2010. Almost one in five. Huge shock. Still around one in ten. That's all. http://www.macrotrends.net/1377/u6-unemployment-rate …
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I think having ~one in five facing a severe labor market crisis in 2010 is really an underappreciated stressor in the US.
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@fmanjoo doesn’t BLS also supply U6?Thanks. Twitter will use this to make your timeline better. UndoUndo
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Gallup Good Jobs can be a decent resource to compare to the official rate http://www.gallup.com/poll/125639/gallup-good-jobs.aspx …
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IOW, he's a politician. Never seen one that didn't do that. Not one.
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