2) We have to look at the other side of the ledger, not just the layoffs. The hirings minus the layoffs are now averaging above 200,000. Not if you are counting weekly numbers against monthly numbers.
Of course the following have to be taken into account:
1) The quality of the jobs created ( most are part time and low paying ). Jobs created are reported MONTHLY they gloss over this fact.
2) Those who have dropped out of the labor force are not being counted as part of the official unemployment rate.< p> This is true. It's why the real UR is higher.
In other words, you cannot believe anything spoken, written or otherwise imparted from any agency of this government that falls under the direction of this President.
You don't have a single clue, do you?
Seasonally-adjusted UI claims haven't touched a number below 200K since 1969. Seasonally-unadjusted? Since 1973.
So, you're somewhere between 40 and 45 years out of date. Let me be the first to thank you for plastering your abject ignorance all over this thread.
Here are the facts: Every month, about 3.2 million people quit, retire or are fired. Of those, about 1.3 million file new claims for unemployment "insurance" in any given month. About 300K/week.
The rest (about 1.9 million) quit to take a new job, retired or don't bother filing a UC claim because they know they are disqualified (fired for cause or they quit without a new job to go to) from receiving benefits for many weeks.
That's all one can say about that -- it's got nothing to do with net employment. Nothing. At all.
Not if you are counting weekly numbers against monthly numbers
Which only someone who is totally and completely ignorant of labor statistics would do.
UI claims have absolutely nothing to do with either the unemployment rate or net employment gains or losses.
While those 3.2 million quit, retired or were fired, what else happened? About 3.4 million were hired.
There's the 200K of NET new job creation/month. Get it yet? UI claims have nothing to do with net changes in total employment. All that matters is total hires/total separations.
UI claims are only slightly predictive of changes in the unemployment rate. Mainly when they rocket up to 500-600K per week. Then, you can be pretty sure that new hires aren't going to exceed separations.
Meanwhile, the UI numbers are at about the best levels they've been at for about 15 years, and, on a percentage of work-force basis, much longer. Never mind that you don't have even the foggiest understanding of them.
Believe it or not, and despite the worst that President Chickenshit can do and has done to wreck the U.S. economy, it still manages net employment gains. We should be doing twice as well, but that will have to wait until the lying sack of chickenshit is gone. Nothing can defeat the U.S. economy, not even jug-ears.