7.7%%!!!!!!!!

Robbie3000

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I thought Obama's second term was supposed to usher in an era of terror for Amuriicah.
 

Type Username Here

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If you don't think there was some fukkery going on with those numbers, you might be an Obama dikkrider.

image3932954.jpg
 

TLR Is Mental Poison

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fukk out of here. We've been using these numbers for decades and now it's treason :scusthov:
When did I ever say they weren't treasonous?

Heres something to chew on.

UE rate in Dec 1982 was 10.2%. Labor force participation rate was a little over 64%.

UE rate today is 7.7%. Labor force participation rate is 63.6%.

Can someone explain how this is possible?
 

MostReal

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those #'s are definitely :duck:

jobs are not plentiful, and it doesn't take into account all the cats who gave up on looking for a job and decided to live off the system.

:childplease: this is how the numbers are calculated since its been an unemployment number.

The number is the number...nobody brought this crap up when all the other Presidents were in office...why is it important now?
 

TLR Is Mental Poison

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:childplease: this is how the numbers are calculated since its been an unemployment number.

The number is the number...nobody brought this crap up when all the other Presidents were in office...why is it important now?

Because in the past when UE % went down, labor participation went up. Why, because they didn't redefine who they counted as "unemployed". Now if you are out of the work force for more than a certain period of time, you don't get counted at all, which makes the UE # lower w/o reflecting an actual uptick in jobs

Workforce participation is at its lowest point in over 30 years... i.e. there hasn't been a higher % of working age Americans out of work since Carter... so what is the UE% worth, it is of zero value
 
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