What a spread.
Something is really wrong with the Department of Labor’s numbers. Everywhere around you see help wanted signs. Business unexpectedly shut down with a sign on their door “closed due to staffing shortages”, restaurants which have to close because they don’t have enough food, banks with only three people working instead of the normal eight or ten. Tell me, it can’t just be in our city, surely someone else has seen this? Where are all the workers???
Unexpected!
Unemployment rate.....millions are not counted as they are not applying for Unemployment.
Total BS unemployment number.
What’s the labor force participation rate now?
The U-3 unemployment rate, or U3 rate, is the most commonly reported rate of unemployment in the United States and represents the number of people actively seeking a job. The U-6 rate, or U6, includes discouraged, underemployed, and unemployed workers in the country. The true rate is at least double to U-3. Barry O. changed it to make his time in the WH less of a failure.
NOBODY actually knows the total employment number at this point. During Trump Time we were ‘at total employment’ and every month we hade 200K new jobs added right up until the Pandemic.
No one has any idea how many people are sitting on the sidelines who might jump back into the labor pool.
Unemployment --------- immigration visas 1.3% --------- 1.5 million 1.4% --------- 1.5 million 1.5% --------- 1.5 million 1.6% --------- 1.4 million 1.7% --------- 1.3 million 1.8% --------- 1.2 million ................. 2.7% --------- 400 thousand 2.8% --------- 300 thousand 2.9% --------- 200 thousand 3.0% --------- 100 thousand 3.1% --------- zero 3.2% --------- zero 3.3% --------- zero