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Well, that explains some things. It explains why the employment statistics look good, but so many people are not making it.
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Yup. Some other ways to read the headline are "Nearly 25% are unemployed according to a measure that has never not measured that nearly 25% are unemployed" or "Nearly 25% are unemployed according to a measure that could have been at 2% or 98% until December 2025. We didn't check any farther back than that."