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re: .
Posted on 10/6/17 at 10:14 am to cahoots
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.
3
Posted on 10/6/17 at 10:34 am to HeyHeyHogsAllTheWay
Forget about the methodologies for a sec. You can't lose jobs and have fewer unemployed at the same time.
This post was edited on 10/6/17 at 10:35 am
Posted on 10/6/17 at 12:07 pm to HeyHeyHogsAllTheWay
quote:
No it certainly isn't . It's exactly how the Obama Administration played with the numbers the entire time they were in power.
Cahoots is wrong. And the unemployment rate and the job losses come from two different sources.
They often times are at odds. Usually the culprit is more people starting to seek or not seek jobs, and thus changing the denominator.
Posted on 10/6/17 at 8:14 pm to HeyHeyHogsAllTheWay
quote:
No it certainly isn't . It's exactly how the Obama Administration played with the numbers the entire time they were in power.
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.
Obama didn't play with the unemployment numbers - that's just a Republican wives' tale. The unemployment numbers under Obama were figured the same way they always were.
As far as disability claims, the standards for disability were the same under Obama as they were under Bush. Obama didn't change the standards - that's another Repub wives' tale.
Disability claims alway go up during recessions, since the out of work are searching for other means of support. Yes, disability claims went up during the 2009-10 recession, but that increase was exacerbated by severity and length of the recession, and the fact that American workers were aging, and therefore more susceptible to conditions that would qualify them for disability.
Check the cool aid before you drink it.
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