The basket of goods is totally transparent and related to things people really buy. Would you want a 2026 inflation number to reference VCR prices?
replyOnly 5.3% of US workers have multiple jobs. The long term average is just above 5%. So it is false to claim more workers have multiple jobs according to BLS stats. This number was above 6% for most of the 1990s.
You are just outing yourself as someone who is a slave to meaningless numbers. Do you think side gigs are reported? You quote unemployment numbers without admitting that people who have given up or simple failed to land a job are not included in those numbers. The numbers are gamed. Feel free to keep showing us who you are.
reply> Do you think side gigs are reported?
replyYes. The FRED data includes informal employment. They do months and months of exhaustive surveys all of the country to put together their data.
> You quote unemployment numbers without admitting that people who have given up or simple failed to land a job are not included in those numbers.
No, I included data about labor force participation, which is only down a little.
> The numbers are gamed
Prove it.
I mean, everything you just said is trivially refutable with just Google. FRED data isn’t the governments unemployment figures. FRED data relies on people to self report their side gigs that they aren’t paying taxes on? It is a known gap.
reply