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by zeroonetwothree
187 days ago
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Why don’t we see it in the aggregate job data? Could it be that people sometimes lose jobs for “reasons” but that’s just the normal flow of the economy? Until there’s some effect on actual unemployment rates I wouldn’t be worried. |
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CPS samples 60k households per month to represent ~150+ million workers. Households stay in the sample 4 months, out 8, back 4.
Copywriters will get smoothed out in the aggregate, and the definition will mask this. Even if you work one hour, you are technically employed. If you are not actively looking for work for more than a month, you are also not technically unemployed.
Unemployment data is a lagging indicator for detecting recessions not early technological displacement in white-collar niches.