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To: ridesthemiles
Yes, there is something very wrong with the unemployment numbers.

I am a reference for a couple of people and I am just not getting calls to check. They are actively job hunting and they say they are getting little to no response to their applications.

They are the kind of employees that should be jumped at.

12 posted on 07/29/2022 5:41:00 PM PDT by Harmless Teddy Bear (The nation of france was named after a hedgehog... The hedgehog's name was Kevin... Don't ask)
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To: Harmless Teddy Bear

The US unemployment rate is almost useless as it depends mainly on its denominator, the labor force. And that labor force number is entirely artificial, based on a mass of assumptions.

The best, consistent measure is the St. Louis Feds EMRATIO, in which the denominator is the US adult population, a hard number. And that shows no improvement in employment since Feb 2022.

https://fred.stlouisfed.org/series/EMRATIO


16 posted on 07/29/2022 8:19:32 PM PDT by buwaya (Strategic imperatives )
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