Heather Long, Rhodes Scholar - CNN Money
They put out the # they want you to see
The unemployment rate is actually somewhere between 5.1% and 40.6%.
It is DEFINITELY not the full 40.6%, as my wife isn’t working and does not care to work. It is also DEFINITELY not 5.1%, as that number is very subjective (based in large part on judgement calls made by federal contractors during telephone surveys) and clearly has been manipulated by Obama.
But what has done here, just like Immigration, is PUT THE ISSUE ON THE TABLE, as the other Republicans seem TOTALLY INCAPABLE of campaigning against the Dems, at this point.
We all know it’s not 5%. It’s between 12%-15%....and perhaps slightly more if you count the underemployed.
The BLS still calculates the unemployment rate which includes discouraged and marginally attached workers. It’s the U-6 number, as opposed to the U-3 number, which is the official rate. See here:
http://www.bls.gov/news.release/empsit.t15.htm
The U-6 in August 2015 was 10.3%.
I hadn’t checked the U-6 number in a while, and am surprised it is so low. However, with 99 weeks of unemployment insurance, the disability fraud game, and the ease with which you can get food stamps these days, perhaps far more people than I realized have left the workforce for good, willingly, and thus are no longer considered “marginally attached.”
Interesting to see folks apparently longing for the last days of the Clinton administration when the unemployment rate reached its all time low point of about 32.5% (based on this measure of labor force particpation).
Anyone who believes that the unemployment rate in this country is anywhere near 5% is either sadly misinformed, totally naive, or both.....42% a little too high but 25% is about accurate.
Ignores the significant number who have given up looking for work.
Ttump is much closer to the correct figure than the administration’s ridiculous lies. Alas, the Great Obama Depression grinds on relentlessly as ( except for a few specialized situations/locations ) there are few, if any jobs for even very highly qualified people who want to work. No amount of Obama Big Lies changes this most unfortunate reality for millions and millions and millions of unemployed Americans.
If labor participation rate is 60%. Why isn’t unemployment rate 40%
I feel like this is a Emperor have no Clothes moment, where Trump is that little kid who points out the obvious.
Gawd, he’s so damn right. It should be 40%, not the insane 5% that seem to exclude so many people to make it low
Heather Long, Rhodes Scholar - CNN Money
I’ve believed this for a long time.