Notice that ABCNNBCBS never reports any of this on their nightly news shows or morning news shows..................
This must be because people are working 2, 3 and 4 jobs just to survive. /s
CRUMBS!!!
This helps in several ways.
More working equal more taxes
More working equal more money spent into the economy
More working equal more (but not all) getting health insurance
More working less unemployment benefits paid
and so on.
PDJT has quickly turned around the Obama effort to make as many dependent on government handouts as possible. The more people working the worse off the progs are. Winning!
I think we all have been missing something in the government reports of initial jobless claims, and what they mean in terms of the overall workforce.
The figures reported have always been the whole numbers of claims, initial or otherwise.
But not reported ever over the years has been what those numbers represent compared to the overall labor force at the time.
My point?
209,000 initial jobless claims today, in 2018, represents a very much smaller percentage of the total overall labor force in 2018, than it did in the labor force 48 years ago.
By reporting just the whole numbers all the time, that reporting has failed to report when, and how much unemployment data is dropping as a share of the total labor force. I think that failure has made unemployment data a hotter topic than it was truly, if compared against the total labor force historically.
I have the initial unemployment claims data back to 1967.
I wrote a contact at the BLS for the raw numbers of perssons counted in the “Labor Participation Rate” number, for as far back as they can give it to me.
I will share on this thread a snapshot of the results from comparing unemployment claims against the size of the labor force.