upvote
It is. Just fox news screams about the "true unemployment" U6 number when Democratics are in charge and then go back to reporting on U3 when a Republican is in office.

That said, measurement is not as easy today with so many gig workers. Government data is often driven by proxies because its too hard to measure directly and the number of people getting an llc for their uber/doordash/lyft/etc job is throwing off our math. Government currently uses number of new businesses as a proxy since generally people starting businesses are hiring people.

reply