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aksss on Nov 16, 2021 | parent | context | favorite | on: Air cargo is suddenly affordable relative to ocean...

Unemployment is about where it was in 2017, which continued to drop all the way until 2020. So not as low as it was pre-pandemic, but objectively quite low, yes. Doesn't take away from your point.

https://tradingeconomics.com/united-states/unemployment-rate

s1artibartfast on Nov 16, 2021 [–]

U-3 unemployment is a garbage metric for most applications because it ignores anyone who has given up or underemployed.

U-6 is a much better metric that doesn't sweep these factors under the rug.

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