Jobless Rate Hits 53-Year Low, unemployment rate fell to 3.4%

[Absolut]

Simply stating the metrics being measured when we had people in here who were discussing incorrect things that go into them, is maga now

 

[Youhadasparkwhenustarted]

The unemployment number have been juked regardless of who is president, I've called them out in threads before. I'm not gonna champion any numbers just because I like the guy in office right now, and I don't trust anybody who does.

 

[Conan]

Bloomberg - Are you a robot?

www.bloomberg.com

Every economist isn't going to have the same reaction to data and statistics provided and it's disingenuous to sit here and say otherwise. It's why bringing politics into the discussion is corny as shyt as these of discussions happen on a daily basis in the real world outside of The Coli.

The vast majority have no issues with the number. I'm not going with a fringe narrative of the Fed juking the stats. You need more people.

 

[Thavoiceofthevoiceless]

The vast majority have no issues with the number. I'm not going with a fringe narrative of the Fed juking the stats. You need more people.

I never said the vast majority of them did. You asked for receipts from economists and I gave them to you. Once again, different people are going to have different interpretations of data and statistics that are provided to them and may even ask what's all behind them.

I know that because I do the shyt on a daily basis for a living and have to explain it, so other posters on this site asking that simple question isn't MAGA at all.

 

[levitate]

I never said the vast majority of them did. You asked for receipts from economists and I gave them to you. Once again, different people are going to have different interpretations of data and statistics that are provided to them and may even ask what's all behind them.

I know that because I do the shyt on a daily basis for a living and have to explain it, so other posters on this site asking that simple question isn't MAGA at all.

Is the rate calculated in the same manner that is has been under previous administrations?

 

[Thavoiceofthevoiceless]

Is the rate calculated in the same manner that is has been under previous administrations?

It's more to data and statistics than raw calculations as there are different factors and circumstances that tell the story behind the numbers.

 

[Robbie3000]

TLR MAGA/Tangibles brigade came in full force. They dropped in this thread like Delta 8 special forces. Swarm, swarm swarm

 

[OfTheCross]

Oh ok. So nothing to really brag about then. Got it.

Each individual is only counted once.

Definitely something to brag about

How the Government Measures Unemployment : U.S. Bureau of Labor Statistics

How the Government Measures Unemployment

www.bls.gov

 

[OfTheCross]

Yep. Once you run out of unemployment benefits, you are no longer counted as unemployed. The unemployment rate stat is completely worthless. Go look up a chart of the Workfoce Participation Rate. Its lower than anytime since the early 70s. I bet the true unemployment rate is around 25%.

If that were the case there would be breadlines everywhere like during the pandemic

 

[OfTheCross]

I would imagine most people with common sense dont pay too much attention to these numbers.

no matter whose in office they inflate/deflate the stats to look good

Well, the only way to "look good" is to deflate the numbers. No president wants high unemployment.

 

[MoshpitMazi]

that’s MY president .

 

[CrimsonTider]

Would lowering interest rates remedy the problem?​

Nah

The goal of higher interest rates is to make the banks less reluctant to loan money and do it while charging higher interest. This slows growth and demand

Slower demand leads to higher unemployment which triggers a recession

You can’t have a recession with low unemployment.

Full employment is measured at 4%. This number says there’s more jobs available than us citizens available to work them

Simply stating the metrics being measured when we had people in here who were discussing incorrect things that go into them, is maga now

Disingenuous questions meant to discredit the numbers is maga

 

[Thanos]

So, if they permanently unemployed, how do they live in major cities? Welfare?

• money under the table
• parents and friends
• homeless

 

[wtfyomom]

Lol what’s funny is Fox News will have some a$$hole capitalist shill on that will say “ the job market is overheated “ whatever the fukk that even means cause they want to be able to pay people shyt

 

[wtfyomom]

Capitalism is trash brehs

If you don’t raise interest rates you get inflation, when you raise them you cause a recession. Those are your two choices which are both awful