The latest [US] BLS employment situation report states 4.5% unemployment, and 167,000 jobs created in December … the headline “unemployment” number we see every month isn’t the unemployment number — it’s one of many, in a creative hierarchy introduced circa 1995.
| Headline unemployment |
4.5% |
| Unemployed+discouraged |
4.7% |
| The above+marginal |
5.3% |
| Above+part time |
8.0% |
What if we were to actually count [criminal justice inductees] as unemployed?
| Headline unemployment |
4.5% |
| Headline+prison population |
5.8% |
| Headline+all corrections |
9.2% |
| All-unempl.+prison pop. |
9.3% |
| All-unempl.+all corr. |
12.7% |
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