Posted on 06/04/2016 5:23:25 PM PDT by Lorianne
unexpected
what if...what if...what if....
What makes it ugly is one thing: IT’S A LIE.
(the only good number was the magic headline unemployment rate, which fell sharply, from 5% in April to 4.7%, the lowest since the Great Recession began, leaving some folks scratching their heads and searching for answers)
No mystery there. The unemployment rate is a fake number as it goes up when discouraged people get back into job hunting mode, and goes down when more people are discouraged and thus are no longer counted in the rate (that’s why the labor participation rate is going down). In today’s environment, it’s going down because of terrible employment news!
And how many of those jobs were part time?
Wonder how Trump will handle this. He can’t take on an unemployment rate of 4.7 and drive it down ... he is going to have to “adjust” the number to the REAL number taking into account 94 million people not working. Call it a “not working index” or whatever. But he can’t let this continue into his new administration. Has anybody heard him say anything about this?
Then, within a week of Donald Trump taking office, the first set of unemployment figures of the Trump administration will be announced. The "discouraged worker" category will be lumped in with ordinary unemployed.
This will cause the unemployment rate to jump from around five percent to around twenty percent.
The MSM will go hog wild, hyperventilating about how the inauguration of Trump has led a sharp recession, with month-on-month job losses much worse than were seen in the Great Depression.
What you track you get.
Track unemployment, you get unemployment.
I think Trump will change the rules, rather than track how many people are NOT working, he'll change the baseline to the more honest and more relevant how many people ARE working.
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1. You invest you money into whatever is the best deal.
If you are in California, it would be PROPERTY.
Other place, perhaps T-notes/bills.
2. You look at the possibility of long-term part-time work.
3. You have the BEST medical coverage available.
4. You stay close to God, just in case.
5. You stay on top of things, like all good cherries.
SORRY!
The U-3 number is what the government uses...The U-6 number is more accurate...
If you can do it, hang on until you’re 66...
What makes it truly remarkable is that the BLS (Bureau of Lying Statistics) is the ethically and professionally challenged water carrier for His Arrogance and generally dummies up the numbers to make him look good.
Btt
If you can continue working - do it. I have health problems that changed my earnings when I was in my 50’s. Now I spend all my time penny pinching.
The unemployment rate has to do with those collecting benefits. If their benefits run out, it doesn’t matter if they are still unemployed. They are no longer counted. True rate is probably in the 20’s%.
???Well???
I would hope that if Trump takes office, he will have his appointees go through each agency and reveal all the lies and fraud. IMO, Trump would tell the truth and announce that the real unemployment rate would be closer to 50% than anywhere near 4.7%.
Ugly, awful president equals ugly, awful economy. President Jarret really should be impeached.
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