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Unemployment is NOT very low. The government publicizes a fake unemployment number which includes a HUGE imaginary subtraction called "discouraged workers", wh
by williamDafoe 7y ago
Unemployment is NOT very low. The government publicizes a fake unemployment number which includes a HUGE imaginary subtraction called "discouraged workers", which was originally imagined during the Clinton administration. To get a real idea about EMPLOYMENT, including those pesky minorities that Clinton excluded, see the employment population ratio, ages 25-54:
https://fred.stlouisfed.org/series/LNS12300060 https://fred.stlouisfed.org/series/LNS12300060
When Obama left office we were STILL in an economy destroyed by Bush, STILL at employment levels BELOW the bottom of the past 2 recessions!
Now that Trump has been in office employment has grown NO DIFFERENTLY THAN UNDER OBAMA, for the past 3 years the Trump difference is INVISIBLE.
- Miraste 7y agoThat's still roughly tied for lowest ever.
- cheriot 7y agoSo from the FRED series you link to, the current market is the second best for employment in history. How is that "NOT very low"? It's better than any point in history other than a couple years when the dot com bubble was inflating. BLS labor statistics are phenomenal. It's some of the most trustworthy data available. Please don't call them "fake" just because you want to use a different time series than someone else.