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Started By
Message
re: .
Posted on 10/6/17 at 9:58 am to Homesick Tiger
Posted on 10/6/17 at 9:58 am to Homesick Tiger
quote:
Why didn't you highlight the fact that unemployment dropped from 4.4 to 4.2% even with the downward spiral you posted?
That's seems more positive than negative doesn't it?
Because how can the unemployment rate actually decline in the face of a net job loss? It's an aberration.
2
Posted on 10/6/17 at 10:07 am to cahoots
quote:
Because how can the unemployment rate actually decline in the face of a net job loss? It's an aberration.
The aberrations, as you call it, started back in 2009 with interpreting unemployment rates that had never been interpreted like that before.
Posted on 10/6/17 at 10:14 am to cahoots
quote:
Because how can the unemployment rate actually decline in the face of a net job loss? It's an aberration.
No it certainly isn't . It's exactly how the Obama Administration played with the numbers the entire time they were in power.
Theoretically we could have 100M Americans not working and have 0% unemployement, if those 100M weren't looking for jobs. Which is exactly what we saw under Obama, Disability claims shot through the roof so those people were no longer reporting as unemployed. So it didn't matter if 100K jobs disappeared in a given time period, if no one was looking for jobs, the unemployment rate remained low, while the job loss rate stayed high.
My guess is that without the bogus disability claims we all know happened from 2008-2015 the UE rate would have been double what it was.
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