According to the headline rate, unemployment was about the same in 1995. According to this alternative measure of unemployment, it's gone down by around 8% overall.
When split by race, it's gone down the most for Hispanics.
By education, it's gone down the most for people who didn't complete High School.
I couldn't easily tell how they decided on a $26,000 "living wage" figure but in most of the US, even double that is not Easy Street.
The "True Rate of Barely Getting By" is ridiculously high in the US from what I can gather.
I get what they are trying to convey, but the stronger message is the more straightforward: there are too many jobs that do not pay enough to live on.
Seems like reasonable criteria. "Regular" unemployment is
# unemployed/# employed
where unemployed is they do not have a job, have actively looked for work in the prior four weeks, and are currently available to work. But not much criteria in terms of what work people are finding.
It all depends on the definition of "Unemployment". Most governments do not count you as unemployed if you've stopped looking for work, been unemployed for over 6 months, or if you made $25 as an Uber driver for 1 hour's work that month.
What is the "U.S. labor force" defined as? Is it a age group thing?
mc32•55m ago
gehwartzen•28m ago
Jblx2•16m ago