Posted on 03/03/2017 3:22:55 AM PST by SoFloFreeper
The number of Americans filing for unemployment benefits fell to near a 44-year low last week, pointing to further tightening of the labor market even as economic growth appears to have remained moderate in the first quarter.
(Excerpt) Read more at mobile.reuters.com ...
Very true. I think Shadow Statistics gives a true account of real unemployment.
Shadow Stats, that says it uses the methodology from 1994 (before Clinton politicized the stats) would have us now at around 22%.
No, but think about it. What if Americans knew the REAL unemployment rate, which spiked under Obama and never came down if one believes Shadow Statistics. Trump would have creamed Hillary.
The U-6 percentage is down to 9.4 from a high of 10.5 in January, 2016, so SOMETHING is happening.
https://www.bls.gov/news.release/empsit.t15.htm
I’m out of the Labor Market, now. Hopefully for-EVER, but I still care about family and friends being gainfully employed.
Wisconsin is doing MUCH better than average, thanks to Governor Walker, and GOP policies and players. Unemployment rates by state:
https://www.bls.gov/web/laus/laumstrk.htm
Obama shouldn't get credit for anything that happened after November 8, 2017. The only work he did after that date was to give all his homies pardons and commutations.
This is crap. We haven’t begun to bring down the 100 million unemployed. They are just trying to justify the rate hike they want to further hurt President Trump, Although I acknowledge that obozo likely damaged the economy enough to make an increase inevitable.
Thank you. Gonna take a lot to turn it around.
Imagine if Hillary.....no, wait, don’t......
It’s not only a quit looking thing, claims run out but you’re still unemployed..like my husband.
Exactly! Once your claim is exhausted, you aren’t counted. Does not mean you found a job or were called back from a lay off, in my husband’s case. Laid off since November, tile union.
Kind of odd. I managed to survive the 2008 - 2016 recession, but got laid off last week for the first time in my life. Unfortunately the company had been struggling for a couple years and people had tp be cut.
Hopefully Trump will get rid of the H1b visa program.
Too many folks are commenting on this as if it is the official Unemployment Rate which, I agree, has been vastly understated by the BLS bureaucrats.
The subject of this article however is a count of new applications for unemployment — which is an accurate & real number. And this latest figure IS GOOD NEWS.
Yep. Apples and oranges.
Have you actually been paying attention to the unemployment numbers? The reason this number is low is because there is far less employment than ever in terms of percentage of available workers. Companies are working at the bone level of workers. People are filing for disability at record rates.
“””It was the 104th straight week that claims remained below 300,000, a threshold associated with a healthy labor market.”””
Are then also crediting Obama for this as it’s been low for the last twelve months for the same reasons I mentioned.
+++++++++++++++++++++++++
Bump
IT’s not what it seems to be. Obama and his MSM army concealed the epic rise in employment that continues to this day by not reporting people who were unable to find work so long that they finally gave up. The Obama show also counted people as “employed” if they had seasonal work or part time low paid work, one work assignment for the month etc. All smoke and mirrors. There is no way any incoming president could have changed Obama’s devastating effect on the economy so quickly. These are Obama’s fake numbers.
The MSM is trying to create a false picture of how well he did in office. Any attempt to correct the record and reflect reality will be falsely attributed “trump ruining OBama’s amazing performance” etc.
As another poster said, if people are encouraged to try to return to the work market now that Trump is in office, using Barry’s calculations it will look like the job market worsened because now people who newly return to seeking work are considered “unemployed.” Further, those poor souls will have a hard time competing with others who have been swinging from limb to limb (temp job to part time job to two part time jobs) to survive. Therefore, those who try to rejoin the labor market in hopes of Trumps influence on jobs growth will struggle longer than others - so the picture will be falsely painted to try to diminish support for Trump among his base.
or give Obama credit.
Trump is good, but he’s not this good.
These numbers are the pretend numbers that ignore around 90-95 million able bodied people out of work.
This report, like all the rest that use those metrics, are worthless.
Before Obama left office they were showing him having lowered unemployment.
Just plain silliness.
I do think Trump is going to address real numbers. I’ve seen him do it a number of times.
When there is a real dent in those numbers, it will be because of Trump and we’ll all applaud him for it.
Exactly!
Let's see a factory come back on on line and see how many hours it takes to fill a few thousand jobs. Not long I predict.
Is there any way to determine what the true unemployment rate is.
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