by some measures unemployment is at 25% and this aligns with my personal experience much better than frankly the bs 4% rate that is being pushed by this admin
in your link, the "true rate" has also not risen since the rise of AI, was higher in 1995
According to their numbers the TRU rate of unemployment between 2022 and 2026 is the lowest it's been in 30 years.
hm, you're right. looks like they just take the official figure and slap a constant on it. regardless, I still think the official figure is fundamentally flawed and doesn't reflect the health of the job market ~ underemployment, workers that gave up looking, etc
4% may be optimistic but 25% is great depression levels of unemployment and it’s nowhere near that. We could be at 6%.