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it sounds simple but that basically is all we need. the whole private system is backstopped by public dollars and regulations in hundreds of ways, it's obscenely inefficient and it doesn't even cover everyone bsky.app/profile/equi...

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60 million?! 1/3rd of the workforce quits or loses their job annually? That seems nuts to me but it might be a little misleading because that must include seasonal, temporary jobs, part-timers, etc. I agree with the overall point, but this portrays quite a high level of instability-seems inaccurate

Yes I read it - it does not really address what I'm saying. I guess a better way of thinking about it is that the aggregate total number of employed people in a given year is lower than the aggregate total number of jobs in a given year. Not sure if FRED has that data.