>Calculation of unemployment and real debt has seldom matched the norms of most other western countries
Source? For unemployment, isn't the U-3 definition used for "headline unemployment" consistent to most other countries?
Source? For unemployment, isn't the U-3 definition used for "headline unemployment" consistent to most other countries?
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.
To be fair, CNN and MSNBC do the same in reverse.