How do I know our media is borderline useless? This. Original article and link here.
Sure the government would prefer to use the U-3 rate, but why does media choose to report it? The U-6 rate is the actual number of people unemployed and underemployed, which is the only number that actually matters. Some contrived formula for determining who ‘counts’ might make for a nicer number, but it’s useless as far as policy or good administration is concerned.
