US Politics on Yik Yak | Reminder that the natural (non-cyclical) unemployment rate for the US is 4-4.5% Dont fall for alarmists about “its the highest since the pandamic!!!”. There will always be a “highest since the pandemic”, that’s how statistics work

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Reminder that the natural (non-cyclical) unemployment rate for the US is 4-4.5% Dont fall for alarmists about “its the highest since the pandamic!!!”. There will always be a “highest since the pandemic”, that’s how statistics work

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Anonymous 2w

Mathematician here, the pandemic is the highest unemployment the US has ever seen. All unemployment rates before and after the pandemic are lower so any comparison to covid is just dumb. However if we look at the scope since covid died down, the unemployment rate has only increased.

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Anonymous 2w

The small fluctuations are due to seasonal unemployment.

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Anonymous

#1 2w

Hence this is cyclical unemployment and not non-cyclical unemployment

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