Mac1958
Diamond Member
I had one of them post this as a comparison. And they believe it's a perfectly legitimate comparison. They're not kidding. This is not good.
Source: Post 141, Is Trump better than Lincoln?
Why is Impeachment driviing the market up?
- Thread starter william the wie
- Start date
Source: Post 141, Is Trump better than Lincoln?
WTH_Progs?
Diamond Member
- Feb 19, 2019
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I had one of them post this as a comparison. And they believe it's a perfectly legitimate comparison. They're not kidding. This is not good.
Source: Post 141, Is Trump better than Lincoln?
It's not accurate because true unemployment was much higher than 9.9%, due to so many falling off unemployment roles and many out of the work place.
Mac1958
Diamond Member
Serious question: Do you really believe that's an accurate and intellectually honest representation of the economy under the Obama administration?I had one of them post this as a comparison. And they believe it's a perfectly legitimate comparison. They're not kidding. This is not good.
Source: Post 141, Is Trump better than Lincoln?
It's not accurate because true unemployment was much higher than 9.9%, due to so many falling off unemployment roles and many out of the work place.
I'll believe your answer.
.
JGalt
Diamond Member
- Mar 9, 2011
- 84,041
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I had one of them post this as a comparison. And they believe it's a perfectly legitimate comparison. They're not kidding. This is not good.
Source: Post 141, Is Trump better than Lincoln?
It's not accurate because true unemployment was much higher than 9.9%, due to so many falling off unemployment roles and many out of the work place.
If I'm not mistaken the BLS just quit counting those whose benefits ran out and gave up looking for work, during the Obama years.
AntonToo
Diamond Member
- Jun 13, 2016
- 38,835
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China deal is what drives the market.
And btw removal of Trump will probably be better for trade, not worse.
AntonToo
Diamond Member
- Jun 13, 2016
- 38,835
- 12,147
- 1,560
I had one of them post this as a comparison. And they believe it's a perfectly legitimate comparison. They're not kidding. This is not good.
Source: Post 141, Is Trump better than Lincoln?
It's not accurate because true unemployment was much higher than 9.9%, due to so many falling off unemployment roles and many out of the work place.
If I'm not mistaken the BLS just quit counting those whose benefits ran out and gave up looking for work, during the Obama years.
You are of course mistaken.
U3 (official unemployment number) never counted those that are not looking for work as unemployed.
U6 tracks underemployment and does count those that gave up looking due to market conditions.
none of that changed under Obama or Trump.
JGalt
Diamond Member
- Mar 9, 2011
- 84,041
- 111,200
- 3,635
I had one of them post this as a comparison. And they believe it's a perfectly legitimate comparison. They're not kidding. This is not good.
Source: Post 141, Is Trump better than Lincoln?
It's not accurate because true unemployment was much higher than 9.9%, due to so many falling off unemployment roles and many out of the work place.
If I'm not mistaken the BLS just quit counting those whose benefits ran out and gave up looking for work, during the Obama years.
You are of course mistaken.
U3 (official unemployment number) never counted those that are not looking for work as unemployed.
U6 tracks underemployment and does count those that gave up looking due to market conditions.
none of that changed under Obama or Trump.
Deception in Counting the Unemployed
"Hindery says up front that the BLS only notes those specifically looking for work. That may make sense to some -- until one learns who is left out.
According to the Hindery report, those who are left under the rug of America's unemployment mess are a number of discouraged workers who have given up looking for work and partially-employed workers. He notes those that BLS does not include are:
a. Marginally attached workers, of whom there are now 2.6 million. These are workers who, "while wanting and available for jobs, have not searched for work in the past four weeks but have searched for work in the past twelve months." Currently included among them are 1.0 million "discouraged workers" who did not look for work specifically because "they believe there are no jobs available or none for which they would qualify."
b. Part-time-of-necessity workers, of whom there are now 8.2 million, are workers unable to find full-time jobs or who've had their hours cut back. These workers are often referred to as the "underemployed".
The zinger from the Hindery unemployment assessment is that:
In June 2013, the number of Real Unemployed Persons increased by 757,000 to 22.6 million and the Real Unemployment Rate increased by 0.4% to 14.3%, reflecting large increases in the number of "marginally attached" and "part-time-of-necessity" workers.
In other words, BLS reports that official unemployment stayed flat at 7.6% while Hindery's more extensive figures show that real unemployment increased by 0.4% to 14.3%.
The zinger from the Hindery unemployment assessment is that:
In June 2013, the number of Real Unemployed Persons increased by 757,000 to 22.6 million and the Real Unemployment Rate increased by 0.4% to 14.3%, reflecting large increases in the number of "marginally attached" and "part-time-of-necessity" workers.
In other words, BLS reports that official unemployment stayed flat at 7.6% while Hindery's more extensive figures show that real unemployment increased by 0.4% to 14.3%.."
AntonToo
Diamond Member
- Jun 13, 2016
- 38,835
- 12,147
- 1,560
I had one of them post this as a comparison. And they believe it's a perfectly legitimate comparison. They're not kidding. This is not good.
Source: Post 141, Is Trump better than Lincoln?
It's not accurate because true unemployment was much higher than 9.9%, due to so many falling off unemployment roles and many out of the work place.
If I'm not mistaken the BLS just quit counting those whose benefits ran out and gave up looking for work, during the Obama years.
You are of course mistaken.
U3 (official unemployment number) never counted those that are not looking for work as unemployed.
U6 tracks underemployment and does count those that gave up looking due to market conditions.
none of that changed under Obama or Trump.
Deception in Counting the Unemployed
"Hindery says up front that the BLS only notes those specifically looking for work. That may make sense to some -- until one learns who is left out.
According to the Hindery report, those who are left under the rug of America's unemployment mess are a number of discouraged workers who have given up looking for work and partially-employed workers. He notes those that BLS does not include are:
a. Marginally attached workers, of whom there are now 2.6 million. These are workers who, "while wanting and available for jobs, have not searched for work in the past four weeks but have searched for work in the past twelve months." Currently included among them are 1.0 million "discouraged workers" who did not look for work specifically because "they believe there are no jobs available or none for which they would qualify."
b. Part-time-of-necessity workers, of whom there are now 8.2 million, are workers unable to find full-time jobs or who've had their hours cut back. These workers are often referred to as the "underemployed".
The zinger from the Hindery unemployment assessment is that:
In June 2013, the number of Real Unemployed Persons increased by 757,000 to 22.6 million and the Real Unemployment Rate increased by 0.4% to 14.3%, reflecting large increases in the number of "marginally attached" and "part-time-of-necessity" workers.
In other words, BLS reports that official unemployment stayed flat at 7.6% while Hindery's more extensive figures show that real unemployment increased by 0.4% to 14.3%.
The zinger from the Hindery unemployment assessment is that:
In June 2013, the number of Real Unemployed Persons increased by 757,000 to 22.6 million and the Real Unemployment Rate increased by 0.4% to 14.3%, reflecting large increases in the number of "marginally attached" and "part-time-of-necessity" workers.
In other words, BLS reports that official unemployment stayed flat at 7.6% while Hindery's more extensive figures show that real unemployment increased by 0.4% to 14.3%.."
Dude, BLS U5 and U6 numbers SPECIFICALLY TRACK DISCOURAGED WORKERS.
It's not rocket science
KNOW YOUR HR STUFF: The Difference Between U3/U5/U6 Unemployment Rates
These measures remain the same under Bush, Obama and Trump.
Last edited:
g5000
Diamond Member
- Nov 26, 2011
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Right out of Orwell.I had one of them post this as a comparison. And they believe it's a perfectly legitimate comparison. They're not kidding. This is not good.
Source: Post 141, Is Trump better than Lincoln?
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