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jljljl | 8 months ago

This metric of underemployment is captured in U-5 and U-6 in the BLS statistics.

It's less common to report, but in the aftermath of the financial crisis I remember hearing more about it. You can construct a chart in FRED that covers it:

https://fred.stlouisfed.org/graph/?g=1JWGw

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relaxing|8 months ago

[deleted]

lmm|8 months ago

If the analysis in the public discourse doesn't capture what matters, that's a problem, and that some more obscure report contains useful information is only a minor mitigation. If anything I'd say highlighting that obscure report is a perfect example of nerds using their abilities to contribute to the public discourse.

darth_avocado|8 months ago

Economists get things wrong all the time. It’s not about others not possibly have thought of it already, it’s about the fact that policy and politics is still driven by other measures that are inaccurate.

brewdad|8 months ago

Econ nerds are nerds with a different focus than coding nerds. Both are still nerds.

#ImAnEconNerd