[brynnbee]

My biggest issue with "the" unemployment rate is that the one everyone hears all the time is around 4-5%. I think this is massively misleading because it lends itself to people thinking if you picked 100 random men from ages 25 to 54, you'd expect about 5 of them to be unemployed. The real number is actually around 20% are unemployed:

https://fred.stlouisfed.org/series/LNS12300060

If you can dismiss 15% of them because they're not actively looking, or being a full-time parent, or disabled, I think it's missing the bigger picture that I would guess almost all of them want to work and have income, but can't due to things that we can fix as a society. Instead we divert to a 5% number that feels like "don't look over here" strategy. It's also entirely not capturing underemployment, which I imagine is a huge issue too.