Quote (Killingyouall @ 29 Jan 2020 21:16)
You have to look closely at the type of jobs people have. It really drives me crazy how the unemployment rate is usually just looked at as a percentage.
There is so much more to the story. Unemployment can be low, but if a larger chunk of those jobs are made of minimum wage and/or part time jobs with little in terms of benefits or security you are still going to have the same problems cities with high unemployment rates have.
Sadly politicians will brag about low unemployment numbers or total number of jobs created when those figures alone are a very poor indicator of the economic prosperity of a city, State, Country etc. It really annoys me how those numbers are frequently manipulated.
Statistics are basically manipulated in every industry, that’s what they’re for