HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Unemployment rate is actu...

Sun Jan 28, 2018, 01:28 PM

Unemployment rate is actually 42%...

Remember when that Orange Dodo bird said we should not believe the unemployment rate? Phony numbers...



3 replies, 1077 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 3 replies Author Time Post
Reply Unemployment rate is actually 42%... (Original post)
HipChick Jan 2018 OP
ProudLib72 Jan 2018 #1
VMA131Marine Jan 2018 #2
progree Jan 2018 #3

Response to HipChick (Original post)

Sun Jan 28, 2018, 01:32 PM

1. 4.9% is tRump's accomplishment.

42% is Obama's fault.

Yes, the two statistics can exist simultaneously in trumper land.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to HipChick (Original post)

Sun Jan 28, 2018, 01:36 PM

2. Sure!

If you count children too young to work and retirees; I mean, technically, they are unemployed. We obviously need to send more 5 year olds to work in the coal mines.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to HipChick (Original post)

Sun Jan 28, 2018, 05:07 PM

3. Blatant lie #1 -- that people who give up looking for work are statistically counted as employed

He said that twice in the first clip and once in the second clip.

No, they are not.

Please see: "How the Government Measures Unemployment" https://www.bls.gov/cps/cps_htgm.htm

(And by the way, it is also false that they only count people who are receiving unemployment insurance benefits. That's a bunch of crap that people, including way too many "progressives" repeat without ever checking on it. Search the above link for the work "insurance". Unemployment insurance status has nothing to do with how they count the unemployed in determining the national unemployment statistic. )

As for the 40% and 42% number he cited in the second video clip -- He used that number multiple times during the campaign, as well as "94 million" jobless Americans, another famous meme of his during the campaign.

(citing the Not In Labor Force number)
Not in Labor Force, Age 16+ https://data.bls.gov/timeseries/LNS15000000

Here is the 12 months of 2017 (in thousands):

2017: 94364 94248 94179 94407 95038 94743 94684 94759 94480 95395 95416 95512

Interestingly, its up by 1,148,000 since the inaugural month of January, so you don't hear very much about it from Trump or his Trumpanzees anymore. (1.148 million more "jobless Americans" to use Trump's campaign rhetoric)

I discuss this some more at
https://www.democraticunderground.com/?com=view_post&forum=1017&pid=466755

Some other stats of interest:

Civilian labor force, 16 and over, thousands, https://data.bls.gov/timeseries/LNS11000000

Civilian noninstitutional population, 16 and over, Thousands, https://data.bls.gov/timeseries/LNS10000000

Since January, the Labor Force has grown by only 879,000,
the Not in Labor Force number has grown by 1,148,000
while the civilian non-institutional population (the sum of the above two numbers) has grown by 2,027,000

==============================

Do note that at least they aren't counting young children in any of these statistics -- they start counting at age 16.



Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread