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A reminder to all you far left and far right nutjobs that think Joe Biden has done nothing significant in office
(lemmy.world)
this post was submitted on 18 Jan 2024
1044 points (83.2% liked)
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People that give up are no longer "unemployed", which is why they aren't counted. They wouldn't even count in the labor force either, which is the sum of unemployed and employed people.
Right, and the argument that many Republicans made during the Obama years and many Democrats made during the Trump years is that they should count in the labor force, because they want to be in the labor force but have been disenfranchised. Then there's also the people who are no longer counted because their state has pushed them off Welfare and moved them onto Disability, which has no pathway back to the workforce. It's a very long story involving Welfare reform and a lack of job opportunities, but low unemployment and Welfare rates are greatly impacted by people who want to work but are forced into going on disability.
Yeah I didn't mean to shit on Biden or anything; just seems like we're not quantifying this in a very meaningful way.
It'd be like celebrating that food insecurity is at an all time low! woohoo!! ......because access to affordable food is now so bad that 75% of the people dealing with food insecurity have starved to death since it was last measured.
(numbers pulled from ass for demonstration sake)
Yeah, for sure. My point is just that any under-count has probably been relatively consistent for at least 20 years, so the number is most likely reliably wrong if it's wrong. If the numbers say unemployment is down under Biden, it probably is down under Biden, even if it's not as low as the report says.