Peasant: Sire, how goes the war?
King: We're winning!
Peasant: But we are so poor!
King: You're losing!
some ancient strip cartoon the name of which I cannot recall
King: We're winning!
Peasant: But we are so poor!
King: You're losing!
some ancient strip cartoon the name of which I cannot recall
According to fake government stats that have changed drastically over time to sweep problems under the rug. If you believe the labor market is good, I have a bridge to sell you. Also, wages went up significantly for a bit, but nowhere near enough to match inflation.
I'm asking for a measure of unemployment that will stand the test of time, as well as political change. There are many existing measures, and many reasons to criticize each one of them, but this interests me less than knowing what the critics of all of them think we should be measuring.
Also you don't know, where the oerson you replied to lives. In many places around the world inflation is rising a lot more, than the wages.
That would be The Wizard of Id