Strap in—we’re still early in the Trump bump rise.
Using the current UE calculation Trump would see a rise in UE as people came back into an improved labor market.
Trump should say that UE numbers are BS and use the more astute and genuine U6 figure which UE is 9.3%.
U6 will go down only as REAL UE including LONG TERM UE is addressed.
Pressure on wages is being artificially stoked by the minimum wage $15 laws. These laws are all politics, they are causing job losses, and hastening robotics replacing workers.
OK, so it means while others double their money in 3 months I have to wait 6 months.