US News

2108 readers

112 users here now

News from within the empire - From a leftist perspective

founded 5 years ago

MODERATORS

Ah shit folks. Some devious trickster hoodwinked the good Democrats into believing the economy was doing well when, in fact, it was doing shit. (archive.is)

submitted 1 day ago* (last edited 1 day ago) by [email protected] to c/[email protected]

17 comments fedilink hide all child comments

Original URL where the cowards have changed the title now: https://www.politico.com/news/magazine/2025/02/11/democrats-tricked-strong-economy-00203464

I don’t believe those who went into this past election taking pride in the unemployment numbers understood that the near-record low unemployment figures — the figure was a mere 4.2 percent in November — counted homeless people doing occasional work as “employed.” But the implications are powerful. If you filter the statistic to include as unemployed people who can’t find anything but part-time work or who make a poverty wage (roughly $25,000), the percentage is actually 23.7 percent. In other words, nearly one of every four workers is functionally unemployed in America today — hardly something to celebrate.

Any fucking questions

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 11 points 12 hours ago (1 children)

The actual unemployment rate being nearly 24% makes me actually nauseous

[–] [email protected] -2 points 10 hours ago* (last edited 4 hours ago) (1 children)

Do you have some reading about where or how you came to that conclusion? I'm not overly doubting you, I'm excited to read.

Edit: Wow, I'm kind of an idiot. I don't remember seeing that in the description.

[–] [email protected] 5 points 9 hours ago (1 children)

]:;

It's the article I'm replying too here. (Also the top comment has a link to a site the writer has made which tracks it over time)

[–] [email protected] 1 points 4 hours ago

Crap, I'm an idiot. I speed-read part of the description and just now properly read it.