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Comment by Der_Einzige | Hacker News Reader

I'm so tired of (usually conservative) people who obviously have never even heard of the BLS try to talk about how "fake" the unemployment rate is.

No, actually, there are 7 different variations of that metric, and they are all extremely correlated with each other. The reality is that unemployment by all metrics is extremely low. Cry about it conservatives.

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Not a conservative, quite the opposite in fact! I simply don't trust the government to report correctly on statistics that are levers for public sentiment. Interest rates, inflation, unemployment... All of those come with an incentive to misreport, to twist behavior.

Let's couple those unemployment statistics to income and see which jobs are growing. Hint, it won't be any good jobs. Which is the actual problem: too many jobs in America are "not meant for you to live on" and most economic opportunity is insufficient for significant economic improvement at the ground level of society.

idk why you make it a political issue.....ive heard conservatives laud low employment rates more than the rest, fwiw

Because democrats don’t make the same bullshit claims. Most democrats know what the BLS is!

There's knowing about the BLS, then there's trusting that the analytics and data gathering is honest and true.

Most people know about BLS, but what reason is there to trust that data when there is an incentive to misrepresent it?

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