Birdwatch Note Rating
2023-03-10 16:09:42 UTC - NOT_HELPFUL
Rated by Participant: C9EF3A0CFF1439D616A7B538D6A59FB367CE5FD2345DC3E053833EC94EADA18D
Participant Details
Original Note:
It is inaccurate to use the U3 value of 3.6%. In 1994 the Bureau of Labor and Statistics (BLS) changed its unemployment calculation method. The appropriate comparison for pre 1994 data is the BLS U6 which was at 6.6% in February-making it a 32 year low. U6 is currently 6.8% https://www.bls.gov/cps/cps_htgm.htm#employed https://www.bls.gov/news.release/empsit.t15.htm https://www.investopedia.com/articles/investing/080415/true-unemployment-rate-u6-vs-u3.asp
All Note Details