To: ChicagoConservative27
what a crap headline...has Breitbart gone all Fox News on us?
"...about 787,000 Americans filed new claims for the week ending last Saturday, a decrease of 19,000 from the previous week.
The figure was lower than most experts predicted (828,000).
In its report, the department also revised up last week’s claims by 3,000 and said the unemployment rate for the most recent week was 3.6%."
3.6% unemployment rate? Does that sound right?
4 posted on
12/31/2020 9:05:32 AM PST by
stylin19a
( 2016 - Best.Election.Of.All.Times.Ever.In.The.History.Of.Ever)
To: stylin19a
3.6% unemployment rate? Does that sound right?
No, that's considered full employment. At least that is what they teach in economics courses I have taken.
6 posted on
12/31/2020 9:12:10 AM PST by
JoSixChip
(2020: The year of unreported truths. )
To: stylin19a
Its not right - officially its 6.7% - 3.6% is someone’s editing problem. But even that is only correct if you ignore the collapse of the workforce. That’s the same lie they fed the people in 2009-2014.
A much more sound figure is the population employment rate, that is the % of adults employed. The St. Louis Fed has been using this mainly - their series is EMRATIO.
https://fred.stlouisfed.org/series/EMRATIO
Check it out.
7 posted on
12/31/2020 9:17:10 AM PST by
buwaya
To: stylin19a
3.6% is in reference to the 'Insured Unemployment Rate'.
15 posted on
12/31/2020 9:56:36 AM PST by
Theoria
(I should never have surrendered. I should have fought until I was the last man alive)
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