Quote:
Originally Posted by kush
 Huh?
I'm no economist - but how is NOT factoring in the underemployed or discouraged/given-up workers a better representation of how things are going? |
I would guess looking at "U3" and "U6" numbers is equivalent, the 2 numbers are probably closely correlated, and since U3 is easier to determine accurately, that's why everyone talks about that number instead of U6...
sure, the 2 numbers are way different, but that's not the point, the whole point of looking at statistics of this type is to determine trends, and looking at U3 is better for that since it's likely to be more accurate...
