Morphine Prince 109,960 Posted May 5, 2017 Share Posted May 5, 2017 Link to post Share on other sites More sharing options...
Pray4FameGa 3,141 Posted May 5, 2017 Share Posted May 5, 2017 Trump fully realises a promise. Give him a break. Link to post Share on other sites More sharing options...
Morphine Prince 109,960 Posted May 5, 2017 Author Share Posted May 5, 2017 I can't believe Trump managed to drop the unemployment rate from 42% to 4.4% in such little time Link to post Share on other sites More sharing options...
LGHunter 1,501 Posted May 5, 2017 Share Posted May 5, 2017 Just now, Morphine Prince said: I can't believe Trump managed to drop the unemployment rate from 40% to 4.4% in such little time Link to post Share on other sites More sharing options...
Morphine Prince 109,960 Posted May 5, 2017 Author Share Posted May 5, 2017 It was 42% last year! Or maybe this is a fake report too? Link to post Share on other sites More sharing options...
EdX 2,901 Posted May 5, 2017 Share Posted May 5, 2017 4 minutes ago, Morphine Prince said: It was 42% last year! Or maybe this is a fake report too? Link to post Share on other sites More sharing options...
Hellspont 1,468 Posted May 5, 2017 Share Posted May 5, 2017 Thanks Obama! Link to post Share on other sites More sharing options...
Luc 4,776 Posted May 5, 2017 Share Posted May 5, 2017 Recession incoming. See a pattern here? It would be a miracle if unemployment stayed around 4% for the next four years. Link to post Share on other sites More sharing options...
MJHolland 12,725 Posted May 5, 2017 Share Posted May 5, 2017 Thanks kool and all but the U6 unemployment rate it's still hella high That's a much greater economic indicator in my opinion https://www.bls.gov/news.release/empsit.t15.htm The U3 rate which you're talking about is such a misleading stat. Doesn't really reveal anything. Link to post Share on other sites More sharing options...
Guest Posted May 5, 2017 Share Posted May 5, 2017 That's pretty nice, good job Link to post Share on other sites More sharing options...
Luc 4,776 Posted May 5, 2017 Share Posted May 5, 2017 11 minutes ago, MJHolland said: Thanks kool and all but the U6 unemployment rate it's still hella high That's a much greater economic indicator in my opinion https://www.bls.gov/news.release/empsit.t15.htm The U3 rate which you're talking about is such a misleading stat. Doesn't really reveal anything. Doesn't seem that high U-6 doesn't really go below 7-8%. It's at 8,6% right now. Maybe protectionism and low migration could artificially deflate unemployment levels in the short term, but I think that the peak is near. Not much room for growth otherwise, seeing as labor force participation rate is still stagnating. Link to post Share on other sites More sharing options...
River 128,642 Posted May 5, 2017 Share Posted May 5, 2017 Well, people saw the Trump is the president so they started to panic and found a job, just in case the USA will fall.. So sploosh your juice all over me you Riverboy Link to post Share on other sites More sharing options...
Economy 53,090 Posted May 5, 2017 Share Posted May 5, 2017 But not the strongest economy in 10 years!!!! Labor Force Participation rates are still well below pre-recession levels... Also a higher percentage of jobs today in US are low-paying part times Looking at the unenployment rate alone to see healthy if US economy can be misleading Link to post Share on other sites More sharing options...
Economy 53,090 Posted May 5, 2017 Share Posted May 5, 2017 27 minutes ago, Luc said: Doesn't seem that high U-6 doesn't really go below 7-8%. It's at 8,6% right now. Maybe protectionism and low migration could artificially deflate unemployment levels in the short term, but I think that the peak is near. Not much room for growth otherwise, seeing as labor force participation rate is still stagnating. Read my comment above i just posted i mentioned that labor force participation rates are still well below pre-recession levels and a high percentage of jobs created have been low paying part-times A 4.2% unemployment makes it seem like the economy is super strong when in reality its just decent Also theres their method of measuring unemployment too. Here in Canada the way we measure it we always get 1% to 1.5% higher under the same conditions the US doesnt count people registered in ads or employment seeking agencies if their EI has expired or if they have a part-time they cant live off of and are seeking something else. We do Also we count any job seeker in labor market and unemployment numbers among the really young is always higb. In the US they only start counting at 16. Their methology of counting unemployment is not a very conservative one and they get a lower number than most nations would under the same conditions Still the US is doing better than most. Just saying not better to the point the numbers suggest relative to others. Link to post Share on other sites More sharing options...
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