Some explanation for some of us who are unable to hear his show???
15 of 20 is 75%. 16 of 20 is 80%. What is the point of this post?
his point is: did you get the point. The math is nothing.
Rush is trying to explain how, by shrinking the total number of available jobs, the admin is saying that the unemployment rate is going down. Rush is not getting his percentages exactly straight, but he’s making the point.
close enough for government work and those of us who work with round numbers.
Besides, he is still 99.7% correct.
/S
Yes, he moves so quickly that he frequently misspeaks, but the overall point should be clear.
And, while we’re on that subject, I suggest that the BLS change their methodolgies also.
He can't do math and over and above that his twisted logic of not counting jobs is flat out wrong.
What the BLS doesn't count is people, not jobs or lack of jobs.
If the US labor force is 100,000,000 and 10,000,000 are unemployed then the rate of unemployment is 10%
The way the BLS cheats is by saying that 2,000,000 quit looking for jobs, so now they claim that only 8,000,000 are unemployed {even though there are still 10,000,000 out of work} so now....SHAZAAM... the new unemployment number is now....TADA... 8%.
Total bullshit but it's what we are being fed by obummer's Bureau of Labor Statistics.
I've emailed this to Rush many times, but when he gets his mind wrapped around an idea, forget it.
This would bring his Correct Rate down to 88.7%, so he will continue to ignore my emails {and I send them into his 24/7 mail box}.
I heard this and it was painful.