Well, not going to jump for joy without more details.
The old dynamic was people dropping off the benefits wagon.
Would want to see the employment rate !
Unemployment only counts hose looking for work.
Actual unemployment/ underemployment for those groups in the city is closer to 50%
Correct,EBT employment!
I agree. I think the unemployment concept as presented is absurd.
If we’re to believe the, ‘Bureau of Labor Mis-Management’ then the U-6 number (which I always refer to) has gone UP one tenth of a percent in November. Chart here:
https://www.bls.gov/news.release/empsit.t15.htm
Page 5 of this PDF does show minority unemployment going DOWN all across the board. First time, ever, really.
https://www.bls.gov/news.release/pdf/empsit.pdf