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[deleted] t1_j3scn2d wrote

Reply to comment by [deleted] in Coinbase to slash 20% of workforce in second major round of job cuts by ChocolateTsar

[deleted]

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axonxorz t1_j3sp02a wrote

It's a useful metric if it's paired with underemployment numbers, which it rarely is

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hicow t1_j3ujbrn wrote

That the way unemployment is measured is arguably BS, sure. But if it's compared against prior numbers where the method of measurement is the same, it's an easy way to see which way the numbers are headed.

Trump got called out for claiming unemployment under Obama was north of 40% then, in Feb '17, with Trump in office for less than two weeks, proclaiming he had just made the best unemployment numbers ever thanks to his bigly genius business brain.

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