Quote:
Originally Posted by Cynthetiq
dippin, I'm not purposefully being dense. It's quite simply that the U-3 and the U-6 are in parallel as far as figures go, since U-3 is really a subset of the U-6. The fact that the UI claims reports are what the media reports, it's what people who just consume media take away from the table. You and I can agree it is not the whole picture of unemployment.
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UI claims is what the media reports simply because it comes out earlier than the full unemployment figures.
And while no single number might be the whole picture of unemployment, the fact is that the notion that there are massive numbers of unemployed out there that are not counted is not true, especially if the argument is related to some shortcoming of unemployment insurance.