>> an important new dataset shared exclusively with "Axios on HBO."
This doesn't seem trustworthy. Why not use BLS data?
This makes the current economic situation look better then the official Unemployment Rate.
When looking at the official rate it goes from 3.6% to 7.9% When looking at the "True White Unemployment Rate" it goes from about 20% to 23.6%, that seems far less severe.
Not to mention they don't break the Official Unemployment up by race(this is present in the official Unemployment Situation Report output by the BLS), so you can't do an accurate comparison.
All indicators can be gamed, and no single indicator paints the entire picture, but most people can't spend a lot of time comparing different numbers, and this new indicators seem to be correlated, so what is the point? They aren't normalized seasonally, that makes it even more confusing. They haven't strayed too much as far as the graph goes back, so this is not a new issue.
The data from this article is suspect, and it gives us no new information.
This makes the current economic situation look better then the official Unemployment Rate. When looking at the official rate it goes from 3.6% to 7.9% When looking at the "True White Unemployment Rate" it goes from about 20% to 23.6%, that seems far less severe. Not to mention they don't break the Official Unemployment up by race(this is present in the official Unemployment Situation Report output by the BLS), so you can't do an accurate comparison. All indicators can be gamed, and no single indicator paints the entire picture, but most people can't spend a lot of time comparing different numbers, and this new indicators seem to be correlated, so what is the point? They aren't normalized seasonally, that makes it even more confusing. They haven't strayed too much as far as the graph goes back, so this is not a new issue. The data from this article is suspect, and it gives us no new information.