In reality, like inflation or jobs reports, the numbers are really just a shell game played by politically inclined departments. To put it simply, the actual employment rate is down ~2% since 2008. In real terms, we have ~2% less Americans employed since 2008. That said ~60% currently are employed.
That’s because the government calculates the unemployment rate as “those seeking employment” but there’s a bunch of criteria for that. In truth, 40% of people aren’t working, 60% are.
In reality, like inflation or jobs reports, the numbers are really just a shell game played by politically inclined departments. To put it simply, the actual employment rate is down ~2% since 2008. In real terms, we have ~2% less Americans employed since 2008. That said ~60% currently are employed.
That’s because the government calculates the unemployment rate as “those seeking employment” but there’s a bunch of criteria for that. In truth, 40% of people aren’t working, 60% are.