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Unemployment at 17 year low...
- Thread starter BSM1
- Start date
I think Trump had a negligible effect, albeit slightly positive.
He hasn't effected any policies which would affect the economy,
eg, replacing Obamacare, tax reform. But even if such things
pass, there's always phase lag (delayed effect).
He hasn't effected any policies which would affect the economy,
eg, replacing Obamacare, tax reform. But even if such things
pass, there's always phase lag (delayed effect).
PureX
Veteran Member
Which of all those new pizza delivery jobs was Trump responsible for creating?
Jeremiahcp
Well-Known Jerk
Real data to support your conclusion? (Hint: That does not mean a bunch of graphs you misinterpreted. I mean actual data, like real data.)
It's not a bad thing, but I'm not sure how much Trump can be credited with it.
But as for the "unemployment rate," I've always considered to be a deceptive figure because it's not calculated in any meaningful way.
Doing a bit of checking on a few sites and number crunching, I have calculated that the US population of those aged 18-64 was approximately 207 million in 2016 (based on US Census data). According to the BLS, there were approximately 124 million full-time employees in the US during the same year.
Out of 207 million, that would leave 83 million people unemployed, which would be an unemployment rate of about 40%.
To try to calculate it any other way is blatantly dishonest.
metis
aged ecumenical anthropologist
Are you then going to give Trump "credit" for the fact that today's monthly job report also shows that the average wage slipped slightly downward? I bet not. Anyone want to wager this?
Jeremiahcp
Well-Known Jerk
Ah, I see you are using Foxnews mathematics.
None of his policies have had a direct impact yet. This statistic is good news, however, it is still part of the ripple effect from the Obama administration. Now, if this trend continues into say, Q2-Q3 2018 and Trump is able to pass some meaningful legislation, we can pick up the discussion then.
No. I'm just able to see through lies. It's a worthwhile skill that you might consider learning.
Further, it typically does not account for what I like to call "meaningful employment." That is, full time employment with benefits and the like.
Very true. There's also the issue of "underemployment" where people are prevented from reaching their full potential and making more worthy contributions to society.
Jeremiahcp
Well-Known Jerk
I am sure that is what I just did.
There are different ways to measure unemployment.
Ref....
Table A-15. Alternative measures of labor underutilization
The U-3 rate is the official one.
I say the U-4 is more realistic.
Ref...
The True Unemployment Rate: U6 Vs. U3
Note:
The above has nothing to do with Fox News or Alternet.
Jeremiahcp
Well-Known Jerk
I guess some don't consider stay at home mom/dad a job. Are we talking unemployment of individuals or of households. When you are looking at data you need to considered what you are looking at.
Exactly, so while the stats are a decent indicator of trends, I rarely put too much stock into it.
I've been coming to this site on a daily basis reading the comments for at least 3 years now & this is my 1st comment!!
Trump had absolutely nothing to do with this!! These numbers are meaningless! I can still hear my statistics teacher from college saying, "you can make numbers say whatever you want them to say..." That's so true! The gvt/Feds manipulates these numbers on a daily basis to make you sheep feel good. This definitely includes the stock market too!! So again, Trump has nothing to do with these numbers!!
Trump had absolutely nothing to do with this!! These numbers are meaningless! I can still hear my statistics teacher from college saying, "you can make numbers say whatever you want them to say..." That's so true! The gvt/Feds manipulates these numbers on a daily basis to make you sheep feel good. This definitely includes the stock market too!! So again, Trump has nothing to do with these numbers!!
Jeremiahcp
Well-Known Jerk
If you really want to understand the statistics then you need to look at your source and understand what they considered "employment". I promise that somewhere in the process, if done by a government or academic entity, there was a long and involved discussion over that subject. If you don't know what they consider employment then you can't read the results.
Jeremiahcp
Well-Known Jerk
I have found through personal experience that the usefulness of statistics is directly related to a person's ability to comprehend statistics.
We live in the age of data, but our population is still largely data illiterate. As a population our ability to handle big data has not yet caught up with our ability to collect it. It is a shame that a few choose to use this against the public to mislead them. Basic statistics should be a standard class in our k - 12, right along with how to get a job, balance a check book and handle loans.
That's because it isn't a "job" in the sense of employment.
Why is this so?
If being employed meant everything done to survive & meet
one's obligations, then we'd always be at 99.9% employment.
(Even a bum picking returnable cans out of dumpsters would
have a job.)
Well, since I never watch Fox News, then I would say your supposition is faulty.