[chickenpotpie]

Honestly, this is a completely bogus interview that is at best, misleading, and at worst, outright lies.

> Well, all that is absolutely true, but sadly it’s even worse than that. What it doesn’t account for is people who have a piece of a job — they work an hour or two here and there, but they want a full-time job. It doesn’t account for that.

The BLS does track that as part of the U-6 unemployment rate which is near a 20 year low. The U-6 unemployment rate counts people that work less than 35 hours per week, but want to work more hours, as unemployed.

https://fred.stlouisfed.org/series/U6RATE

[everybodyknows]

That quote is not in the context of U-6. From the preceding paragraph:

> ... we do the monthly unemployment rate. It is a crucial piece of data, but the headline one does not account for ...

FRED explains:

> U-3 is the traditionally reported unemployment rate ...

https://fredblog.stlouisfed.org/2015/05/the-many-flavors-of-...

[chickenpotpie]

Correct but theyre saying the headlines are wrong because the statistic that they use is not accounting for people that are reluctantly part time, but they're not mentioning that there is a statistic that does track that and that statistic also reports that unemployment is low.

It is a lie by omission.

This interview was about how the data and our feelings about the economy don't match. The crux of their argument is that we're looking at the wrong data and the right data shows the true state of the economy, but the true data exists and doesn't align with our feelings either.