unexpected
what if...what if...what if....
What makes it ugly is one thing: IT’S A LIE.
(the only good number was the magic headline unemployment rate, which fell sharply, from 5% in April to 4.7%, the lowest since the Great Recession began, leaving some folks scratching their heads and searching for answers)
No mystery there. The unemployment rate is a fake number as it goes up when discouraged people get back into job hunting mode, and goes down when more people are discouraged and thus are no longer counted in the rate (that’s why the labor participation rate is going down). In today’s environment, it’s going down because of terrible employment news!
And how many of those jobs were part time?
Wonder how Trump will handle this. He can’t take on an unemployment rate of 4.7 and drive it down ... he is going to have to “adjust” the number to the REAL number taking into account 94 million people not working. Call it a “not working index” or whatever. But he can’t let this continue into his new administration. Has anybody heard him say anything about this?
Then, within a week of Donald Trump taking office, the first set of unemployment figures of the Trump administration will be announced. The "discouraged worker" category will be lumped in with ordinary unemployed.
This will cause the unemployment rate to jump from around five percent to around twenty percent.
The MSM will go hog wild, hyperventilating about how the inauguration of Trump has led a sharp recession, with month-on-month job losses much worse than were seen in the Great Depression.
What makes it truly remarkable is that the BLS (Bureau of Lying Statistics) is the ethically and professionally challenged water carrier for His Arrogance and generally dummies up the numbers to make him look good.
Btt
???Well???
Ugly, awful president equals ugly, awful economy. President Jarret really should be impeached.
I’m wondering - when the 35,000 Verizon workers went on strike - did they get unemployment?
I’ve owned an oilfield related business here in Texas since 1979 and have weathered out the great oil depressions of 1982 and 1986, but this monster I see today is far above anything ever seen in the past. Worse yet, it’s not just in Texas, for it’s nationwide. However, it’s not worldwide.
Why? I think everyone knows the answer to that and it can be cured with this upcoming national election if people wake up and vote for a certain individual (T) who CAN MAKE AMERICA GREAT AGAIN!
Through the years we have gone from the strongest and most secure nation in the world’s history to the wimp we are today. No thanks to those who rate sensitivity, racial harmony, gay rights, the persecution of maleness, the outright hate of our country and its history and heritage.
The BOY president, his minions and his blind and ignorant follwers/worshipers have in 8 years, destroyed over 200 years of proud American heritage and we now stand to become a third-world country along with the rest of communist and socialists countries.
The coal industry suffered the first “cannon blast” of liberalism and attacks by those who would “save the earth” and we did not learn from that. Now the “earth savers” AND the worlds elite financial players have teamed up and attacked the oil industry to enslave it for their own purposes.
If Trump is not elected we are totally doomed as the country founded upon on freedom and liberty. We all know what the result of that will be for we are getting a preview of that now.
If Obama were to walk to the microphone after a round of golf or a choom session and tell them that he signed an ExOrder outlawing unemployment, they would cheer him for eliminating unemployment.
... Add into the mix that a lot of soon-to-be-grads are out there looking for the first “real job”. And the cupboard is bare. This is why our politics has gotten so radicalized... This is by design. Thanks Obama.